Published: 2025-10-27T14:35:22.000Z
Chart AUD/USD Update: Gapped higher
2
Overnight gap higher has reached congestion resistance at 0.6550
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | 7 Nov 2024 (m) high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6630 | * | recent highs | S2 | 0.6440 | * | 14 Oct (w) low | |
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6350 | * | congestion |
Asterisk denotes strength of level
14:25 GMT - Overnight gap higher has reached congestion resistance at 0.6550, where overbought intraday studies are prompting short-term reactions. Daily readings have turned positive and oversold weekly stochastics are unwinding, highlighting room for further strength in the coming sessions. A close above here will open up congestion resistance at 0.6600. But the falling weekly Tension Indicator is expected to limit any initial tests in renewed consolidation. Meanwhile, support is raised to congestion around 0.6500 and is expected to underpin any immediate setbacks.