Published: 2025-10-07T13:53:18.000Z
Chart AUD/USD Update: Cautious trade
1
Still little change, as prices extend consolidation just below the tight 0.6600/30 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S1 | 0.6550 | * | congestion | |
| R3 | 0.6688 | ** | 7 Nov (m) high | S2 | 0.6500 | * | congestion | |
| R2 | 0.6630 | * | recent highs | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6350 | * | congestion |
Asterisk denotes strength of level
14:50 BST - Still little change, as prices extend consolidation just below the tight 0.6600/30 resistance. Intraday studies have turned down, suggesting room for a test lower. But rising daily readings should limit initial scope in renewed buying interest above congestion support at 0.6550. Following cautious trade, fresh gains are looked for. But mixed/negative weekly charts should limit any break above the 0.6630 recent highs in renewed selling interest beneath critical resistance at the 0.6688 monthly high of 7 November and the 0.6700 Fibonacci retracement.