Published: 2025-06-27T00:21:40.000Z
Chart AUD/USD Update: Room to extend gains
Technical Analyst
5
Consolidating at the .6550 resistance as prices settled back from fresh year high at .6564
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6650 | * | congestion | S2 | 0.6450 | * | congestion | |
| R2 | 0.6600 | * | congestion | S3 | 0.6400 | * | congestion | |
| R1 | 0.6564 | ** | 26 Jun YTD high | S4 | 0.6372 | ** | 23 Jun low |
Asterisk denotes strength of level
00:10 GMT - Consolidating at the .6550 resistance as prices settled back from fresh year high at .6564. Pressure remains on the upside and see room to further extend the broader gains from .5913, April current year low. Daily studies continues to track higher and suggest room for extension to target the .6600 level. Meanwhile, support is raised to .6500 level which should underpin and sustain bounce from the .6372 low. Below the .6500 level will ease the upside pressure and open up room for corrective pullback to the .6450 support.