Published: 2025-08-14T12:57:44.000Z
Chart AUD/USD Update: Under pressure
Senior Technical Strategist
2
The anticipated test above congestion resistance at 0.6550 has met selling interest just below 0.6570
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | 7 Nov (m) high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6625 | 24 Jul YTD 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
13:50 BST - The anticipated test above congestion resistance at 0.6550 has met selling interest just below 0.6570, as overbought intraday studies unwind, with steady losses approaching congestion support at 0.6500. A break beneath here cannot be ruled out. But rising daily readings are expected to limit initial scope in fresh consolidation above further congestion around 0.6450, before negative weekly charts prompt further losses. Meanwhile, any fresh tests above 0.6550 should meet renewed selling interest beneath further congestion around 0.6600.