Published: 2025-04-17T00:21:47.000Z
Chart AUD/USD Update: Extend consolidation below .6400/08 highs
Technical Analyst
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Little change, as prices extend consolidation below the .6400/08, congestion and February YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6500 | * | congestion | S1 | 0.6300 | * | congestion | |
| R3 | 0.6440/50 | * | 14 Nov low, congestion | S2 | 0.6260 | * | 11 Mar low, congestion | |
| R2 | 0.6425 | * | 38.2% Sep/Apr fall | S3 | 0.6200 | * | congestion | |
| R1 | 0.6400/08 | ** | congestion, Feb YTD high | S4 | 0.6131/00 | ** | Jan low, congestion |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation below the .6400/08, congestion and February YTD high. However, bullish momentum and positive daily studies keeps pressure on the upside and suggest scope for test here and the .6425, 38.2% Fibonacci level. Higher still, will see room to the .6440/50, November lows. Meanwhile, support is raised to .6300 level which extend to the .6260 congestion. This area is expected to underpin and sustain gains from the 9 April YTD low. Below here will open up room for deeper pullback to the .6200 support.