Published: 2025-09-02T00:24:18.000Z
Chart AUD/USD Update: Consolidating test of .6550 resistance
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Pressure stays on the upside but gains remains limited above the .6550 resistance
| 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
00:15 GMT - Pressure stays on the upside but gains remains limited above the .6550 resistance. Consolidation here see prices unwinding the overbought intraday studies with daily chart stretching into overbought area as well. Would take break here and the .6570 Aug high to open up room for extension to retest the .6600 level and .6625, July current year high. Break of these will extend the April gains and see room to .6688/.6700. Meanwhile, support remains at the .6500 level which should limit any corrective pullback.