Published: 2025-11-17T00:20:58.000Z
Chart AUD/USD Update: Extending consolidation below .6550
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Little change, as prices extend consolidation below the .6550 resistance following rejection from the .6580 spike high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6707 | ** | 17 Sep YTD high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6625/30 | ** | Jul, Oct highs | S2 | 0.6458 | * | 5 Nov low | |
| R2 | 0.6600 | * | congestion | S3 | 0.6440 | ** | Oct low | |
| R1 | 0.6550 | * | congestion | S4 | 0.6415/00 | ** | Aug low, congestion |
Asterisk denotes strength of level
00:15 GMT - Little change, as prices extend consolidation below the .6550 resistance following rejection from the .6580 spike high last week. Lower highs keep pressure on the downside to retest the .6520/.6500 support and threaten break here to open up room for deeper pullback to retest the .6458 low. Break here will see room for retest of the critical .6440 and .6415, October and August lows. Meanwhile, resistance remains at the .6550/80 area. Close above here is needed to clear the way for retest of the .6600/30 level and July/October highs.