Published: 2025-08-29T12:41:30.000Z
Chart AUD/USD Update: Further gains to remain limited
Senior Technical Strategist
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Minor gains are meeting selling interest just below congestion resistance at 0.6550
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6688 | ** | 7 Nov (m) high | S2 | 0.6450 | congestion | ||
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | * | break level | |
| R1 | 0.6550 | * | congestion | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
13:35 BST - Minor gains are meeting selling interest just below congestion resistance at 0.6550, as overbought intraday studies unwind, with prices currently trading around 0.6525. Daily readings continue to track higher, suggesting room for a test above 0.6550. But already overbought daily stochastics and mixed weekly charts are expected to limit scope in renewed selling interest beneath congestion resistance at 0.6600. Meanwhile, support is at congestion around 0.6500. A break back beneath here should give way to renewed consolidation above congestion support at 0.6450.