Published: 2025-11-20T14:45:18.000Z
Chart AUD/USD Update: Choppy trade - studies under pressure
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Anticipated tests lower have bounced from above the 0.6440 monthly low of 14 October
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6630 | * | break level | S1 | 0.6440 | ** | 14 Oct (m) low | |
| R3 | 0.6600 | ** | congestion | S2 | 0.6400 | ** | congestion | |
| R2 | 0.6550 | * | congestion | S3 | 0.6350 | ** | congestion lows | |
| R1 | 0.6500 | * | congestion | S4 | 0.6310 | ** | 38.2% ret of Apr-Sep rally |
Asterisk denotes strength of level
14:40 GMT - Anticipated tests lower have bounced from above the 0.6440 monthly low of 14 October, with prices currently trading just below congestion resistance at 0.6500. Rising intraday studies highlight potential for a test above here. But mixed/negative daily readings and deteriorating weekly charts should limit scope in renewed selling interest beneath further congestion around 0.6550. Following corrective trade, fresh losses are looked for. However, a close below 0.6440 is needed to turn sentiment negative and extend mid-September losses initially to congestion around 0.6400.