Published: 2025-07-22T00:22:38.000Z
Chart AUD/USD Update: Pressuring .6530/50 resistance
Technical Analyst
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Edging higher in range following bounce from above support at .6450 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6688 | * | 7 Nov high | S2 | 0.6450 | * | congestion | |
| R2 | 0.6595/00 | ** | 11 Jul YTD high, congestion | S3 | 0.6400 | * | Feb high, congestion | |
| R1 | 0.6550 | * | congestion, 16 Jun high | S4 | 0.6372 | ** | Jun low |
Asterisk denotes strength of level
00:10 GMT - Edging higher in range following bounce from above support at .6450 congestion. Daily studies have turned up from oversold readings and see pressure building on the .6530/50 resistance. Clearance here will return focus to the .6590/.6595 highs and see room to further retrace the September/April losses. Meanwhile, support is raised to the .6500/.6485 congestion and 7 July low now expected to underpin and sustain bounce from .6450 congestion.