Chart AUD/USD Update: Balanced at year highs
Little change, as prices extend cautious trade after posting a fresh 2025 year high at the 0.6688 monthly high of 7 November
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6800 | * | break level | S1 | 0.6625 | ** | 24 Jul (m) high | |
| R3 | 0.6723 | 21 Oct (w) high | S2 | 0.6600 | ** | congestion | ||
| R2 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S3 | 0.6550 | * | congestion | |
| R1 | 0.6688 | ** | 7 Nov (m) high | S4 | 0.6500 | * | congestion |
Asterisk denotes strength of level
14:25 BST - Little change, as prices extend cautious trade after posting a fresh 2025 year high at the 0.6688 monthly high of 7 November. Daily readings have turned higher once again and broader weekly charts are improving, pointing to room for a later break and continuation of April gains towards the 0.6700 Fibonacci retracement. A close above here will turn sentiment positive and confirm continuation of April gains, initially towards the 0.6723 weekly high of 21 October. Meanwhile, support remains at congestion around 0.6600 and the 0.6525 monthly high of 24 July. A close beneath here, if seen, will give way to consolidation above further congestion around 0.6550.