Published: 2025-03-24T14:24:02.000Z
Chart AUD/USD Update: Limited tests higher
Senior Technical Strategist
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Anticipated losses have met renewed buying interest above support at the 0.6250 break level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6455 | ** | 61.8% ret of Sep-Feb fall | S1 | 0.6250 | * | break level | |
| R3 | 0.6400 | ** | break level | S2 | 0.6200 | ** | congestion | |
| R2 | 0.6385 | ** | 50% ret of Sep-Feb fall | S3 | 0.6131 | * | 13 Jan (m) low | |
| R1 | 0.6300 | ** | congestion | S4 | 0.6100 | ** | 76.4% ret of 2020-2021 rally |
Asterisk denotes strength of level
14:20 GMT - Anticipated losses have met renewed buying interest above support at the 0.6250 break level, with prices currently consolidating just shy of congestion resistance at 0.6300. Rising intraday studies highlight room for a test above here. But negative daily readings are expected to limit any break in selling interest towards strong resistance at the 0.6385 Fibonacci retracement and the 0.6400 break level. Meanwhile, mixed/positive weekly charts are expected to limit any tests below 0.6250 in consolidation above congestion support at 0.6200.