Published: 2025-06-20T00:18:25.000Z
Chart AUD/USD Update: Leaning lower from .6550 resistance
Technical Analyst
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Choppy trade has seen prices down to tag the .6450 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6450 | * | congestion | |
| R3 | 0.6688 | * | Nov high | S2 | 0.6400 | * | congestion | |
| R2 | 0.6600 | * | congestion | S3 | 0.6355 | ** | May low | |
| R1 | 0.6550 | ** | 61.8% Sep/Apr fall | S4 | 0.6305 | * | 38.2% Apr/Jun rally |
Asterisk denotes strength of level
00:10 GMT - Choppy trade has seen prices down to tag the .6450 support. Would take break here to see room for deeper pullback to extend rejection from the .6550 resistance. Daily studies are extending lower from overbought area and see risk for break lower to open up room to the strong support at .6400 figure. Lower still, will expose the .6355 May low to retest. Meanwhile, resistance at the .6550 expected to cap. Clearance here will extend the April gains and see room to the .6600 congestion and .6688/.6700 area.