Published: 2024-12-02T00:11:27.000Z
Chart AUD/USD Update: Consolidating at the .6500 level
Technical Analyst
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Little change, as prices extend consolidation at the .6500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6650 | * | congestion | S1 | 0.6440/34 | ** | 14, 26 Nov lows | |
| R3 | 0.6600/22 | * | congestion, Sep low | S2 | 0.6400 | * | figure | |
| R2 | 0.6550 | ** | 25 Nov high | S3 | 0.6348 | ** | 5 Aug YTD low | |
| R1 | 0.6528 | 29 Nov high | S4 | 0.6300 | * | congestion |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation at the .6500 level after failing to sustain break above the .6500/12 resistance on Friday. Resistance is at the .6550 congestion and clearance here is will confirm a double bottom in place at the .6440/34 lows and turn focus higher to retrace the September/November losses. Break will see room for stronger recovery to the .6600 level. Meanwhile, support remains at the .6440/.6434 lows. Break here will see bears reasserting and open up room to the .6400 figure. Below these will return focus to the .6362 and .6348, April/August lows.