Published: 2025-09-08T00:25:14.000Z
Chart AUD/USD Update: Consolidating, but room for higher later
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Settled back in consolidation at the .6550 congestion after failing to sustain spike to .6589 high on Friday
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6625 | ** | 24 Jul YTD high | S2 | 0.6462 | * | 27 Aug low | |
| R2 | 0.6600 | * | congestion | S3 | 0.6415/00 | ** | 21 Aug low, congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:10 GMT - Settled back in consolidation at the .6550 congestion after failing to sustain spike to .6589 high on Friday. Daily studies remains mixed but recent gains from the .6415 August low keeps pressure on the upside and see room for further test towards the .6600 level. Beyond this will open up room for retest of the .6625, July current year high. Clearance here will extend the bullish structure from the April low. Meanwhile, support at the .6500/.6480 area is expected to underpin and sustain gains from the .6415 August low.