Published: 2025-07-16T13:55:33.000Z
Chart AUD/USD Update: Leaning lower
Senior Technical Strategist
2
Cautious trade has given way to a fresh pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6723 | 21 Oct (w) high | S1 | 0.6500 | * | congestion | ||
| R3 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S2 | 0.6450 | congestion | ||
| R2 | 0.6688 | ** | 7 Nov (m) high | S3 | 0.6400 | * | break level | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
14:40 BST - Cautious trade has given way to a fresh pullback, as intraday studies turn down, with prices currently pressuring congestion support at 0.6500. Daily readings are under pressure and broader weekly charts are turning down, highlighting room for a break beneath here towards further congestion around 0.6450. Extension to 0.6400 cannot be ruled out. Meanwhile, resistance remains up to congestion around 0.6600, and should cap any immediate tests higher.