Published: 2025-03-26T00:23:25.000Z
Chart AUD/USD Update: Gains still limited
Technical Analyst
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Edging higher from the .6260/50 congestion area to retest resistance at the .6300/30 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6515 | * | 50% Sep/Feb fall | S1 | 0.6260/50 | ** | 11 Mar low, congestion | |
| R3 | 0.6440 | * | 14 Nov low | S2 | 0.6235 | * | lower channel | |
| R2 | 0.6400/15 | ** | congestion, 38.2% | S3 | 0.6200 | * | congestion | |
| R1 | 0.6330 | * | Jan high | S4 | 0.6185 | ** | 4 Mar low |
Asterisk denotes strength of level
00:10 GMT - Edging higher from the .6260/50 congestion area to retest resistance at the .6300/30 area. Would take break here to return focus to the .6390 and .6400 level. Clearance here and the .6415 Fibonacci level will extend the broader gains from February YTD low and see room to resistance at .6440 then .6500 level. Meanwhile, support at the .6260/50 area and extending to the lower channel at .6235 expected to underpin and sustain gains from the .6087 low of February.