Published: 2025-08-06T00:16:07.000Z
Chart AUD/USD Update: Sideways in consolidation
Technical Analyst
2
Little change, as prices drift narrowly in consolidation below the .6500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | 24 Jul YTD high | S1 | 0.6450 | * | congestion | |
| R3 | 0.6595/00 | * | 11 Jul high, congestion | S2 | 0.6418 | * | 1 Aug low | |
| R2 | 0.6550 | * | 16 Jun high, congestion | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6500 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices drift narrowly in consolidation below the .6500 level. Break here will open up room for stronger gains from the .6418 low of last week to further retrace losses from the .6625 high and see extension to the .6550 congestion. Clearance here will return focus to the .6595/.6625, July highs. Meanwhile, support remains at the .6450 congestion which should underpin and sustain bounce from .6418 low. Failure will extend the July losses and see extension to support at the .6400/.6355 area.