Published: 2025-06-24T00:24:55.000Z
Chart AUD/USD Update: Back in consolidation above .6450
Technical Analyst
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Volatile trade has seen losses reaching .6372 low before staging rebound to regain the .6450 support and the wedge pattern
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6650 | * | congestion | S1 | 0.6450 | * | congestion | |
| R3 | 0.6600 | * | congestion | S2 | 0.6400 | * | congestion | |
| R2 | 0.6552 | ** | 16 Jun YTD high, 61.8% | S3 | 0.6372 | ** | 23 Jun low | |
| R1 | 0.6500 | * | congestion | S4 | 0.6355 | ** | May low |
Asterisk denotes strength of level
00:15 GMT - Volatile trade has seen losses reaching .6372 low before staging rebound to regain the .6450 support and the wedge pattern. Daily studies have turned up from oversold areas and suggest room for extension to the .6500 level. Regaining this will expose the .6552 current year high to retest. Meanwhile, support is at .6450 and this extend to the .6400 congestion which should underpin. Only below these will open up the .6372 spike low and strong support at the .6355 May low to retest.