Chart AUD/USD Update: Strong resistance at 0.6600/30
The break above 0.6550 is meeting selling interest just beneath congestion resistance at 0.6600
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6705 | ** | 17 Sep YTD high | S1 | 0.6550 | * | congestion | |
| R3 | 0.6700 | ** | 76.4% ret of 2024-2025 fall | S2 | 0.6500 | * | congestion | |
| R2 | 0.6630 | * | break level | S3 | 0.6440 | ** | 14 Oct (m) low | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
14:45 GMT - The break above 0.6550 is meeting selling interest just beneath congestion resistance at 0.6600, as positive intraday studies flatten, with prices currently trading around 0.6585. The rising daily Tension Indicator highlights room for a break above here. But flat overbought daily stochastics are expected to limit initial scope in consolidation beneath the 0.6630 break level, before improving weekly charts extend gains towards critical resistance at 0.6700/05. Meanwhile, support is at congestion around 0.6550. A close beneath here would stabilise price action and prompt fresh consolidation above further congestion around 0.6500.