Published: 2025-06-12T00:29:18.000Z
Chart AUD/USD Update: Consolidating test of .6550, fresh year high
Technical Analyst
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Edged up to fresh year high at the .6550 Fibonacci level before settling back to consolidate at the .6500 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6500 | * | figure | |
| R3 | 0.6650 | * | congestion | S2 | 0.6450 | * | congestion | |
| R2 | 0.6600 | * | congestion | S3 | 0.6400 | * | congestion | |
| R1 | 0.6550 | ** | 11 Jun YTD high, 61.8% | S4 | 0.6355 | ** | May low |
Asterisk denotes strength of level
00:20 GMT - Edged up to fresh year high at the .6550 Fibonacci level before settling back to consolidate at the .6500 level as intraday studies unwind overbought readings. Daily studies have turned mixed at overbought areas and caution corrective pullback. Would take break of support at the .6500/.6480 area to open up room for deeper pullback towards strong support at .6450 then the .6400 level. Corrective pullback is expected to give way to renewed buying interest later. Break above the .6550 high will see room for extension to the .6600 congestion.