Published: 2025-08-28T12:50:31.000Z
Chart AUD/USD Update: Testing higher levels
Senior Technical Strategist
-
Cautious trade has given way to a push higher
| 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
13:45 BST - Cautious trade has given way to a push higher, with the break above 0.6500 putting focus on congestion resistance at 0.6550. Daily readings are rising, suggesting room for a test above here. But daily stochastics are approaching overbought areas and broader weekly charts are mixed, suggesting renewed selling interest towards further congestion around 0.6600. Meanwhile, support is raised to congestion around 0.6500. A break back beneath here should give way to renewed consolidation above congestion support at 0.6450.