Published: 2025-10-28T14:50:40.000Z
Chart AUD/USD Update: Extending gains
3
Cautious trade around 0.6550 has given way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of 2024-2025 fall | S1 | 0.6550 | * | congestion | |
| R3 | 0.6688 | * | 7 Nov 2024 (m) high | S2 | 0.6500 | * | congestion | |
| R2 | 0.6630 | * | break level | S3 | 0.6440 | * | 14 Oct (w) low | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
14:35 GMT - Cautious trade around 0.6550 has given way to anticipated gains, with prices currently trading around 0.6580. Rising daily readings highlight room for a test of congestion resistance at 0.6600 and the 0.6630 break level. But the falling weekly Tension Indicator is expected to limit any initial tests in renewed consolidation/profit-taking. Meanwhile, support is raised to congestion around 0.6550. A close back beneath here would turn sentiment neutral and prompt consolidation above further congestion around 0.6500.