Published: 2025-11-19T15:13:46.000Z
Chart AUD/USD Update: Studies under pressure
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Little change, as prices extend cautious trade just beneath congestion support at 0.6500
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | Nov 2024 (m) high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6630 | * | break level | S2 | 0.6460~ | 5 Nov low | ||
| R2 | 0.6600 | ** | congestion | S3 | 0.6440 | ** | 14 Oct (m) low | |
| R1 | 0.6550 | * | congestion | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
15:00 GMT - Little change, as prices extend cautious trade just beneath congestion support at 0.6500. Daily readings continue to track lower and broader weekly charts are also under pressure, pointing to room for fresh tests lower. However, a close below the 0.6440 monthly low of 14 October is needed to turn sentiment negative and extend mid-September losses initially to congestion around 0.6400. Meanwhile, resistance remains at congestion around 0.6550. A close above here, if seen, will help to stabilise price action and prompt consolidation beneath further congestion around 0.6600.