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Published: 2025-09-24T00:24:17.000Z

Chart AUD/USD Update: Extend consolidation above .6580 support

2

Little change, as prices edged up from the .6580 support to consolidate sharp pullback from the .6707 high of last week

 LevelsImpComment  LevelsImpComment
R40.6750*congestion S10.6580*10 Sep low                                
R30.6700/10**figure, 38.2% 2021/Apr fall S20.6550**congestion
R20.6650*congestion S30.6500*congestion
R10.6625*Jul high S40.6482*2 Sep low

Asterisk denotes strength of level

00:10 GMT - Little change, as prices edged up from the .6580 support to consolidate sharp pullback from the .6707 current year high seen last week. The resulting flag pattern threatens break lower to open up room for deeper pullback to retrace rally from the .6415 August low to the strong support at the .6550 congestion. Corrective pullback are expected to give way to renewed buying interest later with resistance starting at the .6625 July high and extending to .6650 congestion. Regaining these will open the 6700/10 resistance to retest.

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Topics
AUD/USD-TA
DM-Technical
Technical Analysis

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