Published: 2025-07-11T13:52:06.000Z
Chart AUD/USD Update: Back at year highs - studies rising
Senior Technical Strategist
1
Little change, as prices extend choppy trade beneath congestion resistance at 0.6600
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6723 | 21 Oct (w) high | S1 | 0.6500 | * | congestion | ||
| R3 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S2 | 0.6450 | congestion | ||
| R2 | 0.6688 | ** | 7 Nov (m) high | S3 | 0.6400 | * | break level | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
14:35 BST - Little change, as prices extend choppy trade beneath congestion resistance at 0.6600. Intraday studies are mixed/negative, suggesting room for a minor pullback. But rising daily readings and positive weekly charts are expected to limit any immediate losses in renewed buying interest/consolidation above strong congestion support at 0.6500. In the coming sessions, consolidation is expected to give way to a break higher. But a close above 0.6600 is needed to turn sentiment positive and extend April gains towards the 0.6688 monthly high of 7 November and the 0.6700 Fibonacci retracement.