Published: 2025-07-17T00:13:12.000Z
Chart AUD/USD Update: Consolidating test of .6500
Technical Analyst
1
Consolidating test of the .6500 level but pressure remains on the downside
| 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 | 0.6485 | ** | 7 Jul low | |
| R2 | 0.6595 | ** | 11 Jul YTD high | S3 | 0.6450 | * | congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
00:10 GMT - Consolidating test of the .6500 level but pressure remains on the downside following pullback from the .6595, current year high. Daily studies are tracking lower and threatens break here and the .6485 support which will confirm a double top at the .6590/.6595 highs and open up room for deeper pullback to the May channel support at .6450. Meanwhile, resistance is lowered to .6550 congestion. Clearance here needed to fade the downside pressure and return focus to the .6590/.6595 highs and the .6600 level.