Published: 2025-06-30T00:18:12.000Z
Chart AUD/USD Update: Consolidating, room for higher later
Technical Analyst
3
Settled back in range from fresh year high at .6564 as prices consolidate gains from the .6372 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6650 | * | congestion | S2 | 0.6450 | * | congestion | |
| R2 | 0.6600 | * | congestion | S3 | 0.6400 | * | congestion | |
| R1 | 0.6564 | ** | 26 Jun YTD high | S4 | 0.6372 | ** | 23 Jun low |
Asterisk denotes strength of level
00:15 GMT - Settled back in range from fresh year high at .6564 as prices consolidate gains from the .6372 low of last week. Pressure remains on the upside and see room for break to further extend the broader gains from .5913, April current year low. Intraday studies are unwinding overbought readings but daily studies continues to track higher and suggest room for extension to target the .6600 level. Meanwhile, support is raised to .6500 level which should underpin. Below here will ease the upside pressure and open up room for corrective pullback to the .6450 support.