Published: 2025-09-03T12:48:02.000Z
Chart AUD/USD Update: Extending range trade
Senior Technical Strategist
-
The anticipated retest below congestion support at 0.6500 has not been seen
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6688 | ** | 7 Nov (m) high | S2 | 0.6450 | congestion | ||
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | * | break level | |
| R1 | 0.6550 | * | congestion | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
13:30 BST - The anticipated retest below congestion support at 0.6500 has not been seen, with consolidation giving way to a bounce towards congestion resistance at 0.6550. The positive daily Tension Indicator highlights room for a test. But unwinding overbought daily stochastics and mixed weekly charts should limit any break in renewed selling interest beneath further congestion around 0.6600. Meanwhile, support remains at 0.6500. A break beneath here would open up further congestion around 0.6450, where renewed buying interest is expected to appear.