Published: 2025-07-11T00:32:21.000Z
Chart AUD/USD Update: Just shy of .6600 level
Technical Analyst
1
Break above .6550 resistance has seen gains to reach fresh year high just beneath the .6600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6750 | * | congestion | S1 | 0.6550 | * | 16 Jun high | |
| R3 | 0.6700 | * | 76.4% Sep/Apr fall | S2 | 0.6485 | ** | 7 Jul low | |
| R2 | 0.6688 | * | 7 Nov high | S3 | 0.6450 | * | congestion | |
| R1 | 0.6600 | * | congestion | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
00:20 GMT - Break above .6550 resistance has seen gains to reach fresh year high just beneath the .6600 level. Consolidation here see prices unwinding overbought intraday studies but a later break cannot be ruled out as prices looks to extend gains from the Monday's .6485 low. Clearance will see room to the .6688, 7 November high. Meanwhile, support is raised to the .6550 congestion and 16 June high which should underpin. Below here will open up room for retest of the strong support at the .6500 level and .6485 low.