Published: 2025-12-01T00:15:44.000Z
Chart AUD/USD Update: Consolidating at .6550, room for higher later
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Consolidating test of the .6550 resistance and trendline from the September high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6660 | * | 18 Sep high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6625/30 | ** | Jul, Oct highs | S2 | 0.6440 | ** | Oct low | |
| R2 | 0.6600 | * | congestion | S3 | 0.6415/00 | ** | Aug low, 38.2% | |
| R1 | 0.6550 | * | congestion | S4 | 0.6372 | Jun low |
Asterisk denotes strength of level
00:10 GMT - Consolidating test of the .6550 resistance and trendline from the September high. Bullish momentum from the .6421 low keep pressure on the upside and clearance here will see room for extension to strong resistance zone at the .6600 level and extending to the .6625/30, July/October highs. Break here will return focus to the .6707, September current year high. Meanwhile, support at the .6520/00 area is expected to underpin and sustain bullish bounce from the strong support area at .6440/.6415, October/August lows.