Published: 2025-07-18T00:18:58.000Z
Chart AUD/USD Update: Consolidating, room for lower later
Technical Analyst
1
Turned up from support at the .6450 congestion and equisdistant channel as prices consolidate losses from the .6595 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | 7 Nov high | S1 | 0.6450 | * | congestion | |
| R3 | 0.6595/00 | ** | 11 Jul YTD high, congestion | S2 | 0.6400 | * | Feb high, congestion | |
| R2 | 0.6550 | * | 16 Jun high | S3 | 0.6372 | ** | Jun low | |
| R1 | 0.6530 | * | 17 Jul high | S4 | 0.6355 | ** | May low |
Asterisk denotes strength of level
00:10 GMT - Turned up from support at the .6450 congestion and equisdistant channel as prices consolidate losses from the .6595 high. Negative daily and weekly studies suggest the downside still vulnerable and consolidation expected to give way to fresh selling pressure later. Lower will see room to the .6400/.6372 support. Meanwhile, resistance at the .6530/50 area is expected to cap. Clearance here will fade the downside pressure and return focus to the .6590/.6595 highs and the .6600 level.