Published: 2025-10-16T00:24:18.000Z
Chart AUD/USD Update: Consolidating, room for lower later
-
Turned up from the .6440 low to reach resistance at .6520 as prices consolidate losses from the .6600/25 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | Jul high, congestion | S1 | 0.6470 | 10 Oct low | ||
| R3 | 0.6600 | * | congestion | S2 | 0.6440 | * | 14 Oct low | |
| R2 | 0.6550 | * | congestion | S3 | 0.6415/00 | ** | Aug low, congestion | |
| R1 | 0.6520 | * | 26 Sep low | S4 | 0.6350 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Turned up from the .6440 low to reach resistance at .6520 as prices consolidate losses from the .6600/25 area. Prices are unwinding oversold intraday and daily studies but this is expected to give way to fresh selling pressure later. Below support at .6470 and the .6440 low will see room for deeper pullback to retrace the April/September rally. Lower will see extension to strong support at the .6415/00, August low and 38.2% Fibonacci level. Meanwhile, resistance is at .6520 and this extend to the .6550 congestion which is expected to cap and sustain losses from the .6600/25 resistance.