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Published: 2025-09-08T00:25:14.000Z

Chart AUD/USD Update: Consolidating, but room for higher later

byPakLai Ng

Technical Analyst
-

Settled back in consolidation at the .6550 congestion after failing to sustain spike to .6589 high on Friday

 LevelsImpComment  LevelsImpComment
R40.6700*76.4% Sep/Apr fall  S10.6500*congestion
R30.6625**24 Jul YTD high S20.6462*27 Aug low
R20.6600*congestion S30.6415/00**21 Aug low, congestion
R10.6550*congestion S40.6355**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.

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Topics
AUD/USD-TA
DM-Technical
Technical Analysis

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