Published: 2025-06-16T00:22:22.000Z
Chart AUD/USD Update: Leaning lower from .6545 high
Technical Analyst
1
Consolidation below the fresh year high at .6545 has given way to break of support at .6500/.6480 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | Nov high | S1 | 0.6450 | * | congestion | |
| R3 | 0.6600 | * | congestion | S2 | 0.6400 | * | congestion | |
| R2 | 0.6545/50 | ** | 11 Jun YTD high, 61.8% | S3 | 0.6355 | ** | May low | |
| R1 | 0.6500/15 | * | congestion | S4 | 0.6305 | * | 38.2% Apr/Jun rally |
Asterisk denotes strength of level
00:15 GMT - Consolidation below the fresh year high at .6545 has given way to break of support at .6500/.6480 area as prices unwind overbought daily studies. This has met with buying interest above support at .6450 and break here is needed to open up room for deeper pullback towards strong support at .6400 level. Meanwhile, resistance is lowered to the .6500/15 area which is expected to cap. Clearance here will return focus to the .6545 high. Above here will see extension of the April gains and see room to the .6600 congestion.