Published: 2025-05-28T00:26:38.000Z
Chart AUD/USD Update: Lower in consolidation
Technical Analyst
1
Consolidation below the .6500 level has given way to deeper pullback from fresh year high at .6537 and see room to support at .6400
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600 | * | congestion | S1 | 0.6400 | * | congestion | |
| R3 | 0.6550 | * | 61.8% Sep/Apr rally | S2 | 0.6355/45 | ** | 30, 24 Apr lows | |
| R2 | 0.6537 | ** | 26 Apr YTD high | S3 | 0.6300 | * | congestion | |
| R1 | 0.6500 | * | congestion | S4 | 0.6250 | 10 Apr high |
Asterisk denotes strength of level
00:20 GMT - Consolidation below the .6500 level has given way to deeper pullback from fresh year high at .6537 and see room to support at .6400. Daily studies have turned mixed but would take break of the latter return focus to the downside and expose strong support at the .6355/.6345 lows to retest. Meanwhile, resistance is at the .6500 congestion ahead of the .6537 high. Would take break of these to further extend gains from the April low and see room to the .6600/.6650 congestion area.