Published: 2025-08-18T00:11:34.000Z
Chart AUD/USD Update: Consolidating at .6500/.6482 support
Technical Analyst
1
Steady in range above the .6500/.6482 support as prices consolidate the sharp pullback from test of the July upper channel
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | Nov high | S1 | 0.6500/82 | * | congestion, 12 Aug low | |
| R3 | 0.6625 | ** | 24 Jul YTD high | S2 | 0.6450 | * | congestion | |
| R2 | 0.6600 | ** | congestion, trendline | S3 | 0.6418/00 | ** | 1 Aug low, congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6355 | ** | May low |
Asterisk denotes strength of level
00:10 GMT - Steady in range above the .6500/.6482 support as prices consolidate the sharp pullback from test of the July upper channel at the .6570 high. The resulting outside range from the latter suggest scope for break lower to see deeper retracement of recent gains from the .6418 low. Break will open up room for retest of support at the .6450 congestion. Below this will threaten .6418 low and extension to the lower channel at .6400/.6355 area. Meanwhile, resistance at the .6550/70 area expected to cap.