Published: 2025-11-03T14:23:12.000Z
Chart AUD/USD Update: Leaning lower
3
Choppy trade around congestion at 0.6550 is giving way to the anticipated break lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | 7 Nov 2024 (m) high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6630 | * | break level | S2 | 0.6440 | * | 14 Oct (w) low | |
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6350 | * | congestion lows |
Asterisk denotes strength of level
14:15 GMT - Choppy trade around congestion at 0.6550 is giving way to the anticipated break lower, as intraday studies turn down, with prices currently trading around 0.6535. Daily stochastics are turning down and the rising daily Tension Indicator is flattening, highlighting room for continuation down to congestion support at 0.6500. However, mixed/positive weekly charts are expected to limit any tests in fresh consolidation. Meanwhile, a close back above congestion resistance at 0.6550 will help to stabilise price action, and prompt consolidation beneath congestion resistance within 0.6600/30.