Published: 2025-10-06T14:14:03.000Z
Chart AUD/USD Update: Ranging
4
Little change, as prices extend consolidation within the tight 0.6600/30 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6723 | 21 Oct (w) high | S1 | 0.6600 | ** | congestion | ||
| R3 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S2 | 0.6550 | * | congestion | |
| R2 | 0.6688 | ** | 7 Nov (m) high | S3 | 0.6500 | * | congestion | |
| R1 | 0.6630 | * | recent highs | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
14:50 BST - Little change, as prices extend consolidation within the tight 0.6600/30 range. Intraday studies have turned higher and daily readings are mixed/positive, highlighting potential for a test above the 0.6630 recent highs. But mixed/negative weekly charts should limit scope in renewed selling interest beneath critical resistance at the 0.6688 monthly high of 7 November and the 0.6700 Fibonacci retracement. Meanwhile, a break below congestion support at 0.6600, if seen, will open up further congestion around 0.6550, where renewed consolidation is expected to appear.