Published: 2025-08-22T13:38:34.000Z
Chart AUD/USD Update: Consolidating - studies under pressure
Senior Technical Strategist
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No change, as prices extend consolidation above 0.6415
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600 | ** | congestion | S1 | 0.6400 | * | break level | |
| R3 | 0.6550 | * | congestion | S2 | 0.6360 | ** | break level | |
| R2 | 0.6500 | * | congestion | S3 | 0.6335 | ** | 38.2% ret of Apr-Jul rally | |
| R1 | 0.6450 | congestion | S4 | 0.6300 | * | congestion |
Asterisk denotes strength of level
14:30 BST - No change, as prices extend consolidation above 0.6415. Daily readings continue to point lower and broader weekly charts are negative, highlighting room for still further losses in the coming sessions. Support remains at 0.6400. A break beneath here will open up critical support within the 0.6335 Fibonacci retracement and 0.6360. However, already oversold daily stochastics and rising longer-term readings are expected to limit any initial tests in consolidation. Meanwhile, a close back above congestion resistance at 0.6450 will help to stabilise price action and prompt consolidation beneath further congestion around 0.6500.