Published: 2025-05-27T13:21:42.000Z
Chart AUD/USD Update: Losses to remain limited
Senior Technical Strategist
2
The pullback from the fresh 2025 year high just beneath the 0.6550 Fibonacci retracement is extending
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600 | * | congestion | S1 | 0.6400 | * | break level | |
| R3 | 0.6550 | ** | 61.8% ret of Sep-Apr fall | S2 | 0.6360 | break level | ||
| R2 | 0.6537 | 26 May YTD high | S3 | 0.6300 | ** | congestion | ||
| R1 | 0.6500 | * | congestion | S4 | 0.6200 | ** | congestion |
Asterisk denotes strength of level
14:15 BST - The pullback from the fresh 2025 year high just beneath the 0.6550 Fibonacci retracement is extending, with prices currently trading around 0.6455. Negative intraday studies highlight room for continuation towards support at 0.6400. But mixed/positive daily readings are expected to limit any initial tests in further consolidation. Meanwhile, resistance is at congestion around 0.6500. But a close above 0.6550 is needed to turn sentiment positive and extend April gains initially towards 0.6600.