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Published: 2025-09-04T13:16:38.000Z

Chart AUD/USD Update: Cautious trade

byMike Macdonald

Senior Technical Strategist
-

Little change, as prices extend consolidation within 0.6500-0.6550

 LevelsImpComment  LevelsImpComment
R40.6700**76.4% ret of Sep-Apr fall S10.6500*congestion
R30.6688**7 Nov (m) high S20.6450 congestion
R20.6600**congestion S30.6400*break level
R10.6550*congestion S40.6360**break level

Asterisk denotes strength of level

14:10 BST - Little change, as prices extend consolidation within 0.6500-0.6550. Intraday studies are under pressure and overbought daily stochastics are unwinding, highlighting room for a test of congestion support at 0.6500. A break will open up further congestion around 0.6450. But the positive daily Tension Indicator and mixed weekly charts are expected to limit any initial tests in renewed consolidation. Meanwhile, a test above congestion resistance at 0.6550 should meet selling interest towards further congestion around 0.6600.

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Topics
AUD/USD-TA
DM-Technical
Technical Analysis

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