Published: 2025-12-22T00:13:01.000Z
Chart AUD/USD Update: Extend consolidation above .6600 level
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Little change, as prices extend consolidation above the .6600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6710 | * | 38.2% 2021/Apr fall | S1 | 0.6600 | * | congestion | |
| R3 | 0.6707 | ** | 17 Sep YTD high | S2 | 0.6550 | * | congestion | |
| R2 | 0.6685 | * | 10 Dec high | S3 | 0.6500 | * | congestion | |
| R1 | 0.6625 | * | Jul high, congestion | S4 | 0.6440/15 | ** | Oct, Aug lows |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation above the .6600 level. Pressure remains on the downside from the .6685 high with the pennant pattern suggest scope for break to further retrace the November rally from the .6421 low. Lower will see potential to the .6550 support but correction is expected to give way to renewed buying interest later. Break above the .6685 high will turn focus to strong resistance the .6707/10, September YTD high. Clearance here will extend the April gains and retrace the broader losses from the 2024 year high.