Published: 2025-04-02T13:34:21.000Z
Chart AUD/USD Update: Higher in range - further gains to remain limited
Senior Technical Strategist
3
Choppy trade has given way to a drift higher to congestion resistance at 0.6300
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6400 | ** | break level | S1 | 0.6250 | * | break level | |
| R3 | 0.6385 | ** | 50% ret of Sep-Feb fall | S2 | 0.6200 | ** | congestion | |
| R2 | 0.6350 | intraday break level | S3 | 0.6131 | * | 13 Jan (m) low | ||
| R1 | 0.6300 | ** | congestion | S4 | 0.6100 | ** | 76.4% ret of 2020-2021 rally |
Asterisk denotes strength of level
14:25 BST - Choppy trade has given way to a drift higher to congestion resistance at 0.6300, where unwinding overbought intraday studies are prompting fresh reactions. Daily stochastics and the daily Tension Indicator continue to rise, suggesting room for a test above here. But unwinding overbought weekly stochastics are expected to limit scope in renewed selling interest/consolidation beneath 0.6350. Meanwhile, support remains at 0.6250. A break beneath here, if seen, should give way to consolidation above congestion around 0.6200.