Published: 2025-02-21T00:24:11.000Z
Chart AUD/USD Update: Consolidating test of .6400/15 resistance, room for higher
Technical Analyst
1
Bounce from the .6330 support has seen gains to reach resistance at the .6400/15 congestion and 38.2% Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6550 | * | 25 Nov high | S1 | 0.6330 | * | Jan high | |
| R3 | 0.6500/15 | * | congestiojn, 50% | S2 | 0.6300 | * | congestion | |
| R2 | 0.6440 | * | 14 Nov low | S3 | 0.6250/33 | ** | congestion, 10 Feb low | |
| R1 | 0.6400/15 | * | congestion, 38.2% | S4 | 0.6200 | * | congestion |
Asterisk denotes strength of level
00:10 GMT - Bounce from the .6330 support has seen gains to reach resistance at the .6400/15 congestion and 38.2% Fibonacci level. Consolidation here see prices unwinding overbought intraday studies but positive daily chart suggest scope for break later and clearance will see room to resistance at .6440. Higher still, but out of reach for now, will see scope to the .6500/15 congestion and 50% Fibonacci level. Meanwhile, support at the .6330/.6300 January high and congestion area now expected to underpin and sustain gains from the .6087 YTD low.