Published: 2025-04-10T00:28:02.000Z
Chart AUD/USD Update: Rebound shift focus to .6200/60 resistance
Technical Analyst
4
Rebound from the .5913 low to regain the February and January low at .6087/.6131 eases the downside pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6400/08 | ** | congestion, Feb high | S1 | 0.6131/00 | ** | Jan low, congestion | |
| R3 | 0.6300 | * | congestion | S2 | 0.6000 | * | figure | |
| R2 | 0.6260 | * | congestion | S3 | 0.5913 | ** | 9 Apr YTD low | |
| R1 | 0.6200 | ** | congestion | S4 | 0.5870 | * | 26 Mar 2020 low |
Asterisk denotes strength of level
00:20 GMT - Rebound from the .5913 low to regain the February and January low at .6087/.6131 eases the downside pressure and opens up room for stronger recovery. Intraday and daily studies have turned up from deep oversold readings and suggest scope for retest of strong resistance at the .6200 and .6260 congestion. Clearance here will return focus to the upside towards the .6400/08 highs. Meanwhile, support is raised to the .6131/.6100 area which should now underpin and sustain bounce from the .5913 low.