Published: 2025-06-02T00:19:25.000Z
Chart AUD/USD Update: Sideways in range above .6400
Technical Analyst
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Stays sideways within a narrow range as prices extend consolidation above .6400 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600 | * | congestion | S1 | 0.6400 | * | congestion | |
| R3 | 0.6550 | * | 61.8% Sep/Apr rally | S2 | 0.6355/45 | ** | 30, 24 Apr lows | |
| R2 | 0.6537 | ** | 26 Apr YTD high | S3 | 0.6300 | * | congestion | |
| R1 | 0.6500 | * | congestion | S4 | 0.6250 | 10 Apr high |
Asterisk denotes strength of level
00:15 GMT - Stays sideways within a narrow range as prices extend consolidation above .6400 congestion. Would take break here to extend pullback from the .6537 high of last week to open up room for retest of strong support at the .6355/.6345 lows. This area is expected to underpin and sustain the bullish gains from .5913, 9 April YTD low. Failure here will open up room for deeper retracement of the April/May rally. Meanwhile, resistance is at the .6500 congestion. Clearance here needed to return focus to the .6537 high and extend the April gains towards .6600/.6650 congestion area.