Published: 2025-10-29T00:19:22.000Z
Chart AUD/USD Update: Room to .6600/25 resistance
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Consolidation at the .6550 congestion has given way to further gains to reach .6590 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6707 | ** | 17 Sep YTD high | S1 | 0.6550 | * | congestion | |
| R3 | 0.6660 | 18 Sep high | S2 | 0.6520/00 | * | 26 Sep low, congestion | ||
| R2 | 0.6625 | ** | Jul high, congestion | S3 | 0.6470 | * | 10 Oct low | |
| R1 | 0.6600 | * | congestion | S4 | 0.6440 | ** | 14 Oct low |
Asterisk denotes strength of level
00:10 GMT - Consolidation at the .6550 congestion has given way to further gains to reach .6590 high. Bullish gains from the .6440 low see room for extension to target strong resistance at the .6600/25 area. Would expect reaction here but a later break cannot be ruled out. Clearance will return focus to the .6700 level and .6707, current year high. Meanwhile, support is raised to the .6550 congestion which should underpin. Below this will open up room for deeper pullback and see consolidation towards the .6520/00 support.