Published: 2025-04-03T13:26:41.000Z
Chart AUD/USD Update: More positive above 0.6385/00
Senior Technical Strategist
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Volatile price action is giving way to a fresh run higher in broad USD-weakness
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6500 | ** | congestion | S1 | 0.6350 | intraday break level | ||
| R3 | 0.6455 | ** | 61.8% ret of Sep-Feb fall | S2 | 0.6300 | ** | congestion | |
| R2 | 0.6400 | ** | break level | S3 | 0.6250 | * | break level | |
| R1 | 0.6385 | ** | 50% ret of Sep-Feb fall | S4 | 0.6200 | ** | congestion |
Asterisk denotes strength of level
14:10 BST - Volatile price action is giving way to a fresh run higher in broad USD-weakness, with prices pressuring resistance at the 0.6385 Fibonacci retracement and the 0.6400 break level. Both intraday and daily readings have turned higher, highlighting room for further gains in the coming sessions. A close above 0.6385/00 will turn price action positive and extend February gains towards the 0.6455 retracement. Meanwhile, congestion around 0.6300 should underpin any immediate setbacks.