Published: 2025-10-13T15:46:57.000Z
Chart AUD/USD Update: Consolidating losses - studies under pressure
1
Anticipated losses have extended below 0.6500 to reach 0.6470
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | ** | 7 Nov (m) high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6630 | * | recent highs | S2 | 0.6470 | * | 10 Oct (w) low | |
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6350 | * | congestion |
Asterisk denotes strength of level
16:40 BST - Anticipated losses have extended below 0.6500 to reach 0.6470, before bouncing into consolidation above 0.6500. Daily readings continue to deteriorate and broader weekly charts are under pressure, suggesting room for fresh losses in the coming sessions. A fresh break below 0.6500 will add weight to sentiment and open up stronger support at further congestion around 0.6400. Oversold daily stochastics could limit any initial tests in consolidation. Meanwhile, resistance is lowered to congestion around 0.6550. A break above here would help to stabilise price action and give way to consolidation beneath the 0.6600/30 range.