Published: 2025-07-03T00:19:58.000Z
Chart AUD/USD Update: Poised just below .6590 YTD high
Technical Analyst
2
Pressure remains firmly on the upside following bounce from the .6550 and prices poised just below the .6590 current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6550 | * | congestion | |
| R3 | 0.6688 | * | Nov 2024 high | S2 | 0.6500 | * | congestion | |
| R2 | 0.6650 | * | congestion | S3 | 0.6450 | * | congestion | |
| R1 | 0.6600 | * | congestion | S4 | 0.6372 | ** | Jun low |
Asterisk denotes strength of level
00:15 GMT - Pressure remains firmly on the upside following bounce from the .6550 and prices poised just below the .6590 current year high. Break here and the .6600 level will further extend gains from the April low to target .6650 congestin and .6688 high of November 2024. However, overbought readings and bearish divergence on daily studies caution corrective pullback. Meanwhile, support remains at the .6550 previous high. Below this will ease the upside pressure and see room for deeper corrective pullback to support at the .6500/.6450 area.