Published: 2025-08-04T00:23:20.000Z
Chart AUD/USD Update: Focus return to .6500 resistance
Technical Analyst
1
Steadied at the .6418 low last Friday and subsequent bounce see prices reaching the .6485/.6500 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | 24 Jul YTD high | S1 | 0.6450 | * | congestion | |
| R3 | 0.6595/00 | * | 11 Jul high, congestion | S2 | 0.6418 | * | 1 Aug low | |
| R2 | 0.6550 | * | 16 Jun high, congestion | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6500 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:10 GMT - Steadied at the .6418 low last Friday and subsequent bounce see prices reaching the .6485/.6500 resistance. The resulting outside range suggest scope for break here to return focus to the upside and retrace losses from the .6625 high. Clearance will open up room to the .6550 congestion. Beyond this will return focus to the .6595/.6625 highs. Meanwhile, support is raised to the .6450 congestion which should underpin and sustain bounce from .6418 low. Would take break here to open up room for losses to .6400/.6355 support.