Published: 2025-08-29T00:20:14.000Z
Chart AUD/USD Update: Resistance at .6540/50
Technical Analyst
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Break above the .6500 level see prices extending gains towards resistance at .6540/50, upper channel and congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | 24 Jul YTD high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6600 | * | congestion | S2 | 0.6462 | * | 27 Aug low | |
| R2 | 0.6570 | ** | 14 Aug high | S3 | 0.6415/00 | ** | 21 Aug low, congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:10 GMT - Break above the .6500 level see prices extending gains towards resistance at .6540/50, upper channel and congestion area. Overbought daily studies suggest consolidation here likely before scope for break later. Clearance here will open up room for extension to .6570, 14 August high. Beyond this will return focus to the .6600 level and .6625, July current year high. Meanwhile, support is raised to the .6500 level which should now underpin and sustain bounce from the .6415 low.