Published: 2025-05-27T00:18:49.000Z
Chart AUD/USD Update: Settled back in consolidation below .6500 level
Technical Analyst
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Failed to sustain break above the .6500/14 resistance as prices settled back from fresh high at .6537
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6650 | * | congestion | S1 | 0.6450 | * | congestion | |
| R3 | 0.6600 | * | congestion | S2 | 0.6400 | * | congestion | |
| R2 | 0.6550 | * | 61.8% Sep/Apr rally | S3 | 0.6355/45 | ** | 30, 24 Apr lows | |
| R1 | 0.6500/14 | ** | congestion, 7 May YTD high | S4 | 0.6300 | * | congestion |
Asterisk denotes strength of level
00:10 GMT - Failed to sustain break above the .6500/14 resistance as prices settled back from fresh high at .6537. Bullish structure suggest scope for further probes above the .6500 level to target the .6550, 61.8% Fibonacci level. Higher still, will extend gains from the April YTD low to retrace losses from the September high and see room to the .6600/.6650 congestion area. Meanwhile, support is raised to the .6450 congestion which should underpin and sustain bounce from .6400/.6385 area.