Published: 2025-07-15T00:21:09.000Z
Chart AUD/USD Update: Turned lower from .6595, current year high
Technical Analyst
1
Turned lower from the .6595 current year high and below the channel resistance from May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6750 | * | congestion | S1 | 0.6500 | * | congestion | |
| R3 | 0.6700 | * | 76.4% Sep/Apr fall | S2 | 0.6485 | ** | 7 Jul low | |
| R2 | 0.6688 | * | 7 Nov high | S3 | 0.6450 | * | congestion | |
| R1 | 0.6595/00 | ** | 11 Jul YTD high, congestion | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
00:10 GMT - Turned lower from the .6595 current year high and below the channel resistance from May low. Divergence in daily studies threatens deeper pullback to retest support at the .6500 level and .6485. Break of these will open up room for to the channel support at .6450. Corrective pullback expected to give way to renewed buying interest later. Break of the .6590/.6595 highs and the .6600 level will further extend the April gains and see room to target resistance at .6688 then the .6700, 76.4% Fibonacci level.