Published: 2025-12-18T00:20:48.000Z
Chart AUD/USD Update: Still heavy, room to extend pullback from .6685 high
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Break of support at .6625 see prices extending to pressure the .6600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6710 | * | 38.2% 2021/Apr fall | S1 | 0.6600 | * | congestion | |
| R3 | 0.6707 | ** | 17 Sep YTD high | S2 | 0.6550 | * | congestion | |
| R2 | 0.6685 | * | 10 Dec high | S3 | 0.6500 | * | congestion | |
| R1 | 0.6625 | * | Jul high, congestion | S4 | 0.6440/15 | ** | Oct, Aug lows |
Asterisk denotes strength of level
00:10 GMT - Break of support at .6625 see prices extending to pressure the .6600 level. Negative daily studies keeps pressure on the downside and suggest potential for break to further retrace the November rally from the .6421 low to the .6550 support. Correction is expected to give way to renewed buying interest later. Meanwhile, resistance is at the .6625/.6685 area and clearance needed to the turn focus to strong resistance the .6707/10, September YTD high and 38.2% Fibonacci level. Break here will extend the April gains and retrace losses from the 2021 year high.