Published: 2025-08-27T13:40:20.000Z
Chart AUD/USD Update: Consolidating - background studies under pressure
Senior Technical Strategist
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The anticipated test above congestion resistance at 0.6500 has not been seen
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | ** | 7 Nov (m) high | S1 | 0.6450 | congestion | ||
| R3 | 0.6600 | ** | congestion | S2 | 0.6400 | * | break level | |
| R2 | 0.6550 | * | congestion | S3 | 0.6360 | ** | break level | |
| R1 | 0.6500 | * | congestion | S4 | 0.6335 | ** | 38.2% ret of Apr-Jul rally |
Asterisk denotes strength of level
14:25 BST - The anticipated test above congestion resistance at 0.6500 has not been seen, as intraday studies turn down and rising daily stochastics falter. Further cautious trade is looked for, before negative weekly charts prompt fresh losses. A later break below congestion support at 0.6450 will add weight to sentiment and open up 0.6400. But a further close below 0.6335/60 is needed to turn sentiment negative and confirm completion of a multi-month distribution/rounding top beneath 0.6600. Meanwhile, any tests above 0.6500 should meet selling interest beneath further congestion around 0.6550.