Published: 2025-06-25T00:22:36.000Z
Chart AUD/USD Update: Consolidation below .6500, room to extend
Technical Analyst
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Further extend sharp bounce from the .6372 Monday's low to exceed the .6500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6650 | * | congestion | S1 | 0.6450 | * | congestion | |
| R3 | 0.6600 | * | congestion | S2 | 0.6400 | * | congestion | |
| R2 | 0.6552 | ** | 16 Jun YTD high, 61.8% | S3 | 0.6372 | ** | 23 Jun low | |
| R1 | 0.6500 | * | congestion | S4 | 0.6355 | ** | May low |
Asterisk denotes strength of level
00:15 GMT - Further extend sharp bounce from the .6372 Monday's low to exceed the .6500 level before settling back in consolidation as prices unwind the overbought intraday studies. Daily studies remain positive and suggest room for further probes above the .6500 level. Clearance here will expose the .6552 current year high to retest and see scope to extend the April gains. Meanwhile, support is at .6450 which should underpin. Only below here will open up room for retest of the .6400 support and .6372 spike low.