Published: 2025-07-28T00:22:37.000Z
Chart AUD/USD Update: Consolidating pullback to .6550 support
Technical Analyst
1
Pullback from .6625 high has seen prices reaching support at the .6550 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6550 | * | congestion | |
| R3 | 0.6688 | * | Nov high | S2 | 0.6500 | * | congestion | |
| R2 | 0.6650 | ** | 2021 trendline | S3 | 0.6454/50 | ** | 17 Jul low, congestion | |
| R1 | 0.6600/25 | ** | congestion, 24 Jul YTD high | S4 | 0.6400 | ** | Feb high, congestion |
Asterisk denotes strength of level
00:10 GMT - Pullback from .6625 high has seen prices reaching support at the .6550 congestion as prices unwind overbought intraday readings. Daily studies are stretched as well and suggest room for deeper pullback within the rising channel from the May low. Lower will open up room to the .6500 level and lower channel at .6485. Correction is expected to give way to renewed buying interest later to extend the broader gains from the April low. Above the .6625 5 high will open up room to .6688 resistance and .6700, 76.4% Fibonacci level.