Published: 2025-08-26T00:14:59.000Z
Chart AUD/USD Update: Consolidating, room for higher later
Technical Analyst
2
Little change, as prices extend consolidation below the .6500 level following rebound from the .6415 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600/25 | ** | congestion, 24 Jul YTD high | S1 | 0.6450 | * | congestion | |
| R3 | 0.6570 | ** | 14 Aug high | S2 | 0.6415/00 | ** | 21 Aug low, congestion | |
| R2 | 0.6550 | * | congestion | S3 | 0.6372 | * | Jun low | |
| R1 | 0.6500 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:15 GMT - Little change, as prices extend consolidation below the .6500 level following rebound from the .6415 low. Daily studies are unwinding oversold readings and suggest consolidation to give way to break later. Higher will see room for retest of the .6550 congestion and equidistance channel resistance. Clearance here will expose the .6570 high of last week to retest and open up scope for retest of .6625, July current year high. Meanwhile, support is raised to the .6450 congestion which is expected to underpin and sustain bounce from the .6415 low.