Published: 2025-09-04T13:16:38.000Z
Chart AUD/USD Update: Cautious trade
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Little change, as prices extend consolidation within 0.6500-0.6550
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6688 | ** | 7 Nov (m) high | S2 | 0.6450 | congestion | ||
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | * | break level | |
| R1 | 0.6550 | * | congestion | S4 | 0.6360 | ** | 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.