Chart AUD/USD Update: Balanced beneath critical resistance
Anticipated minor tests higher have been pushed back from beneath strong resistance at the 0.7145 current year high of 12 February and the 0.7155~ year high of February 2023
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7280~ | ** | June 2022 high | S1 | 0.7100 | break level | ||
| R3 | 0.7200 | ** | 61.8% ret of 2021-2025 fall | S2 | 0.7050 | * | congestion | |
| R2 | 0.7147/55~ | ** | 12 Feb YTD high; Feb 2023 (y) high | S3 | 0.7000 | * | congestion | |
| R1 | 0.7135 | intraday high | S4 | 0.6900 | ** | break level |
Asterisk denotes strength of level
15:00 GMT - Anticipated minor tests higher have been pushed back from beneath strong resistance at the 0.7145 current year high of 12 February and the 0.7155~ year high of February 2023, with prices currently pressuring support at 0.7100. Negative intraday studies highlight room for a break. But rising daily readings should limit scope in renewed buying interest/consolidation above congestion around 0.7050. Meanwhile, resistance remains at 0.7145/55~. A close above here is needed, not yet seen, to turn sentiment positive and extend April 2025 gains towards the 0.7200 Fibonacci retracement.