Chart AUD/USD Update: Strong resistance at 0.6688/00
Still little change, as prices extend cautious trade after posting a fresh 2025 year high around 0.6675
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6723 | 21 Oct (w) high | S1 | 0.6625 | ** | 24 Jul (m) high | ||
| R3 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S2 | 0.6600 | ** | congestion | |
| R2 | 0.6688 | ** | 7 Nov (m) high | S3 | 0.6550 | * | congestion | |
| R1 | 0.6675~ | 15 Sep YTD high | S4 | 0.6500 | * | congestion |
Asterisk denotes strength of level
14:25 BST - Still little change, as prices extend cautious trade after posting a fresh 2025 year high around 0.6675. Overbought daily stochastics are turning down, suggesting potential for further consolidation. But the daily Tension Indicator continues to track higher and broader weekly charts are improving, pointing to room for a later break and continuation of April gains towards the 0.6688 monthly high of 7 November and the 0.6700 Fibonacci retracement. Initial tests of this range could give way to consolidation. Meanwhile, support remains at congestion around 0.6600 and the 0.6525 monthly high of 24 July. A close beneath here, if seen, will give way to consolidation above further congestion around 0.6550.