Published: 2025-09-05T00:21:18.000Z
Chart AUD/USD Update: Steady within the .6550/.6500 range
Technical Analyst
1
Little change, as prices extend consolidation within the .6550/.6500 range area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | 24 Jul YTD high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6600 | * | congestion | S2 | 0.6462 | * | 27 Aug low | |
| R2 | 0.6570 | ** | Aug high | S3 | 0.6415/00 | ** | 21 Aug low, congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation within the .6550/.6500 range area. Daily studies have turned mixed at overbought areas and suggest further range extension though a later break of the .6550/70 resistance is expected to open up room for retest of the .6600 level and the .6625, July current year high. Clearance here will extend the bullish structure from the April current year low. Meanwhile, support at the .6500/.6480 area is expected to underpin and sustain gains from the .6415 August low.