Published: 2025-08-14T00:23:56.000Z
Chart AUD/USD Update: Extending gains
Technical Analyst
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Extending bounce from the .6482 low of Tuesday to pressure resistance at .6550
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | Nov high | S1 | 0.6500/82 | * | congestion, 12 Aug low | |
| R3 | 0.6625 | ** | 24 Jul YTD high | S2 | 0.6450 | * | congestion | |
| R2 | 0.6600 | ** | congestion, trendline | S3 | 0.6418/00 | ** | 1 Aug low, congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6355 | ** | May low |
Asterisk denotes strength of level
00:15 GMT - Extending bounce from the .6482 low of Tuesday to pressure resistance at .6550. Clearance here will see room for retest of the retest of critical resistance at the .6600 level and .6625 high as well as trendline from the September high. While reaction here can be expected, bullish structure from the April low suggest potential for break to further retrace September/April losses. Higher will open up room to .6688/.6700 area. Meanwhile, support remains at .6500/.6482 area. Break here will fade the upside pressure and return focus to the downside.