Published: 2025-04-04T00:21:58.000Z
Chart AUD/USD Update: Still choppy, but pressure building on the upside
Technical Analyst
1
No follow-through on break above the .6330 resistance but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6415 | * | 38.2% Sep/Feb fall | S1 | 0.6260 | * | congestion | |
| R3 | 0.6408 | ** | 21 Feb YTD high | S2 | 0.6219 | * | 31 Mar low | |
| R2 | 0.6390 | * | Mar high | S3 | 0.6185 | ** | Mar low | |
| R1 | 0.6330 | * | Jan high | S4 | 0.6131 | * | Jan low |
Asterisk denotes strength of level
00:15 GMT - No follow-through on break above the .6330 resistance but pressure remains on the upside following bounce from the .6219, Monday's low. Daily studies have turned positive and suggest scope for further extension to retest the March high at .6390 then the critical .6408, 21 February YTD high. Clearance will extend gains from the February low and see stronger gains to retrace losses from the September high. Meanwhile, support is raised to the .6260 congestion and this extend to the .6219 higher low which should underpin and sustain gains from the .6185, March low.