Published: 2025-11-06T00:20:46.000Z
Chart AUD/USD Update: Consolidating, room for lower later
-
Turned up from the .6458 low to consolidate at the .6520/00 resistance as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | Jul high, congestion | S1 | 0.6458 | 5 Nov low | ||
| R3 | 0.6600 | * | congestion | S2 | 0.6440 | ** | 14 Oct low | |
| R2 | 0.6550 | * | congestion | S3 | 0.6415/00 | ** | Aug low, congestion | |
| R1 | 0.6520 | * | 26 Sep low | S4 | 0.6372 | * | Jun low |
Asterisk denotes strength of level
00:15 GMT - Turned up from the .6458 low to consolidate at the .6520/00 resistance as prices unwind oversold intraday studies. Above here will see room for strong corrective bounce but higher should see resistance at .6550 congestion capping and giving way to renewed selling pressure later. Below the .6458 low and .6440 support will turn focus to the critical .6415 August lows. Below this will see deeper pullback to retrace the April/September rally and see extension to the .6400/.6372 congestion and June low.