Published: 2025-04-14T00:21:25.000Z
Chart AUD/USD Update: Extending gains
Technical Analyst
2
Exending gains and break of the .6300 level see room for extension to retest the January high at .6330
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6440/50 | * | 14 Nov low, congestion | S1 | 0.6260 | congestion | ||
| R3 | 0.6425 | * | 38.2% Sep/Apr fall | S2 | 0.6200 | * | congestion | |
| R2 | 0.6400/08 | ** | congestion, Feb YTD high | S3 | 0.6131/00 | ** | Jan low, congestion | |
| R1 | 0.6330 | * | Jan high | S4 | 0.6000 | * | figure |
Asterisk denotes strength of level
00:10 GMT - Exending gains and break of the .6300 level see room for extension to retest the January high at .6330. However, potential is for retest of the .6400 level and .6408, February YTD high. Reaction here can be expected but consolidation here is expected to give way to further gains later to extend strong gains last week. Clearance will see room to .6425/.6450, Fibonacci level and congestion from November. Meanwhile, support is raised to .6260 congestion and this extend to the .6200 level. This area is expected to underpin and sustain gains from the .5913, 9 April YTD low.