Published: 2025-03-25T14:41:22.000Z
Chart AUD/USD Update: Gains to remain limited
Senior Technical Strategist
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Consolidation is giving way to a break higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6400 | ** | break level | S1 | 0.6250 | * | break level | |
| R3 | 0.6385 | ** | 50% ret of Sep-Feb fall | S2 | 0.6200 | ** | congestion | |
| R2 | 0.6350 | intraday break level | S3 | 0.6131 | * | 13 Jan (m) low | ||
| R1 | 0.6300 | ** | congestion | S4 | 0.6100 | ** | 76.4% ret of 2020-2021 rally |
Asterisk denotes strength of level
14:35 GMT - Consolidation is giving way to a break higher, with prices currently trading just above congestion resistance at 0.6300. Intraday studies are mixed/positive, suggesting potential for a test of minor resistance at 0.6350. But negative daily readings should limit any further strength in consolidation beneath the 0.6385 Fibonacci retracement and the 0.6400 break level. Meanwhile, support remains at 0.6250 and should continue to underpin any immediate tests lower.