Published: 2025-12-23T00:23:25.000Z
Chart AUD/USD Update: Poised for retest of .6685, November high
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Consolidation above the .6600 level gave way to bounce and break of the .6625 resistance opens up room for retest of the .6685 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6750 | * | congestion | S1 | 0.6625/00 | ** | congestion | |
| R3 | 0.6710 | * | 38.2% 2021/Apr fall | S2 | 0.6550 | * | congestion | |
| R2 | 0.6707 | ** | 17 Sep YTD high | S3 | 0.6500 | * | congestion | |
| R1 | 0.6685 | * | 10 Dec high | S4 | 0.6440/15 | ** | Oct, Aug lows |
Asterisk denotes strength of level
00:15 GMT - Consolidation above the .6600 level gave way to bounce and break of the .6625 resistance opens up room for retest of the .6685 high. Clearance here will extend gains from .6421 November low for retest of the .6707, September current year high. Would expect reaction at the latter but a later break cannot be ruled out to extend the broader gains from the April YTD low. Meanwhile, support at the .6625/.6600 congestion area is expected to underpin and sustain the bullish structure from the November low.