Published: 2025-05-21T00:21:35.000Z
Chart AUD/USD Update: Range-bound
Technical Analyst
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Little change, with prices confined to range following bounce from the .6400/.6385 congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600 | * | congestion | S1 | 0.6400 | * | congestion | |
| R3 | 0.6550 | * | 61.8% Sep/Apr rally | S2 | 0.6355/45 | ** | 30, 24 Apr lows | |
| R2 | 0.6500/14 | ** | congestion, 7 May YTD high | S3 | 0.6300 | * | congestion | |
| R1 | 0.6465 | * | 19 May high | S4 | 0.6285 | * | 38.2% Apr/May rally |
Asterisk denotes strength of level
00:15 GMT - Little change, with prices confined to range following bounce from the .6400/.6385 congestion area. Mixed daily studies suggest consolidation likely to extend though choppy prices action remains supported above the .6355/.6345 area. Only break here will confirm a 4-week top pattern at the .6514 high and see deeper pullback to retrace gains from the April low. Meanwhile, resistance is at .6465 and clearance here needed to expose the .6500/14 highs to retest and see scope to further retrace the September/April losses.