Published: 2025-11-10T14:21:52.000Z
Chart AUD/USD Update: Gains to remain limited
1
Cautious trade has given way to a break higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | Nov 2024 (m) high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6630 | * | break level | S2 | 0.6460~ | 5 Nov low | ||
| R2 | 0.6600 | ** | congestion | S3 | 0.6440 | ** | 14 Oct (m) low | |
| R1 | 0.6550 | * | congestion | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
14:10 GMT - Cautious trade has given way to a break higher, with prices currently trading around 0.6525. Oversold daily stochastics and the bearish daily Tension Indicator are flattening, suggesting room for a test of congestion resistance at 0.6550. But mixed/negative weekly charts are expected to prompt fresh selling interest/consolidation around here. Following cautious/corrective trade, lower levels are looked for. However, a close below the 0.6440 monthly low of 14 October is needed to turn sentiment negative and extend mid-September losses initially to congestion around 0.6400.