Published: 2025-07-10T00:16:16.000Z
Chart AUD/USD Update: Range-bound below .6550 resistance
Technical Analyst
1
Little change, as prices stays range-bound below the .6550 resistance following bounce from the .6485 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6485 | * | 7 Jul low | |
| R3 | 0.6600 | * | congestion | S2 | 0.6450 | * | congestion | |
| R2 | 0.6590 | ** | 1 Jul YTD high | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6372 | ** | Jun low |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices stays range-bound below the .6550 resistance following bounce from the .6485 low. Mixed daily studies suggest consolidation here likely to extend and only break of .6485 will open up room for deeper pullback to support at .6450 congestion. Lower still will open up room to strong support at the .6400 level. Would take break of .6550 resistane to clear the way for retest of the .6590 high and where clear will further extend the April gains and see room to the .6700, 76.4% Fibonacci level.