Published: 2024-12-17T14:57:29.000Z
Chart AUD/USD Update: Prices remain under pressure
Senior Technical Strategist
1
Still little change, as mixed intraday studies keep near-term sentiment cautious and extend pressure on support at the 0.6348 monthly low of 5 August
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6550 | break level | S1 | 0.6348 | ** | 5 Aug (m) low | ||
| R3 | 0.6500 | * | congestion | S2 | 0.6336 | current 2024 year low | ||
| R2 | 0.6450 | break level | S3 | 0.6300 | ** | congestion | ||
| R1 | 0.6400 | * | congestion | S4 | 0.6270 | ** | 26 Oct 2023 (y) low |
Asterisk denotes strength of level
14:45 GMT - Still little change, as mixed intraday studies keep near-term sentiment cautious and extend pressure on support at the 0.6348 monthly low of 5 August. Daily readings are turning down and broader weekly charts are under pressure, highlighting room for fresh losses in the coming sessions. A later close below 0.6348 will add weight to sentiment and extend September losses initially to congestion around 0.6300. Meanwhile, a close above congestion resistance at 0.6400, if seen, will turn sentiment neutral and give way to consolidation beneath 0.6450.