Published: 2025-07-09T00:22:10.000Z
Chart AUD/USD Update: Consolidating, room for lower later
Technical Analyst
1
Turned up in from the .6485 low to reach resistance at .6550 as prices consolidate losses from the high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6485 | * | 7 Jul low | |
| R3 | 0.6600 | * | congestion | S2 | 0.6450 | * | congestion | |
| R2 | 0.6590 | ** | 1 Jul YTD high | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6372 | ** | Jun low |
Asterisk denotes strength of level
00:15 GMT - Turned up in from the .6485 low to reach resistance at .6550 as prices consolidate losses from the high of last week. The daily studies are still tracking lower and suggest this giving way to further losses later. Break of the .6485 low will see room to the .6450 support then the strong support at the .6400 level. Would take break of resistance at .6550 to clear the way for retest of the .6590 high. Clearance here and the .6600 congestion will further extend the April gains and see room to the .6700, 76.4% Fibonacci level.