Published: 2025-08-27T00:15:32.000Z
Chart AUD/USD Update: Range-bound below .6500
Technical Analyst
1
Little change, as prices extend consolidation within a narrow range below the .6500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600/25 | ** | congestion, 24 Jul YTD high | S1 | 0.6450 | * | congestion | |
| R3 | 0.6570 | ** | 14 Aug high | S2 | 0.6415/00 | ** | 21 Aug low, congestion | |
| R2 | 0.6550 | * | congestion | S3 | 0.6372 | * | Jun low | |
| R1 | 0.6500 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation within a narrow range below the .6500 level. The resulting flag pattern and positive daily studies suggest scope for break here to extend gains from the .6415 low. Clearance will see room for retest of the resistance at the .6550 congestion and equidistance channel. Beyond this will expose the .6570 high of last week to retest and open up scope for retest of .6625, July current year high. Meanwhile, support is at the .6450 congestion which now underpin and sustain bounce from the .6415 low.