Chart AUD/USD Update: Fresh year highs
The anticipated break above 0.6500 is currently pressuring resistance within the 0.6537 current 2025 year high of 26 May and the 0.6550 Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | ** | 7 Nov (m) high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6600 | ** | congestion | S2 | 0.6450 | congestion | ||
| R2 | 0.6550 | ** | 61.8% ret of Sep-Apr fall | S3 | 0.6400 | * | break level | |
| R1 | 0.6537 | 26 May YTD high | S4 | 0.6360 | break level |
Asterisk denotes strength of level
14:20 BST - The anticipated break above 0.6500 is currently pressuring resistance within the 0.6537 current 2025 year high of 26 May and the 0.6550 Fibonacci retracement. Intraday studies are rising and daily readings have also improved, highlighting room for further strength in the coming sessions. A close above 0.6550 is needed to turn sentiment positive and extend April gains initially to congestion around 0.6600. Meanwhile, a close back below congestion support at 0.6500, if seen, will turn sentiment neutral and prompt fresh consolidation above 0.6400.