Published: 2025-10-17T13:47:50.000Z
Chart AUD/USD Update: Under pressure
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Consolidation around 0.6500 as given way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6630 | * | recent highs | S1 | 0.6440 | 14 Oct low | ||
| R3 | 0.6600 | ** | congestion | S2 | 0.6400 | ** | congestion | |
| R2 | 0.6550 | * | congestion | S3 | 0.6350 | * | congestion | |
| R1 | 0.6500 | * | congestion | S4 | 0.6310 | ** | 50% ret of Apr-Sep rally |
Asterisk denotes strength of level
14:35 BST - Consolidation around 0.6500 as given way to a drift lower, with prices currently balanced above the 0.6440 low of 14 October. Daily readings are mixed/negative, suggesting room for consolidation, before bearish weekly charts also add pressure to price action and prompt a break below 0.6440 towards congestion around 0.6400. Meanwhile, a close back above 0.6500 will help to stabilise price action and prompt consolidation beneath congestion around 0.6550.