Published: 2025-02-18T00:17:02.000Z
Chart AUD/USD Update: Consolidating at .6374 high
Technical Analyst
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Reached fresh high at .6374 before settling back in consolidation as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6500/15 | * | congestion, 50% | S1 | 0.6330 | * | Jan high | |
| R3 | 0.6440 | * | 14 Nov low | S2 | 0.6300 | * | congestion | |
| R2 | 0.6400/15 | * | congestion, 38.2% | S3 | 0.6250/33 | ** | congestion, 10 Feb low | |
| R1 | 0.6374 | * | 17 Feb YTD high | S4 | 0.6200 | * | congestion |
Asterisk denotes strength of level
00:10 GMT - Reached fresh high at .6374 before settling back in consolidation as prices unwind overbought intraday studies. The daily studies are stretched as well and caution corrective pullback though the upside stays in focus and higher will see scope for extension to the .6400 level and .6415, 38.2% Fibonacci level. Meanwhile, support remains at the .6330/.6300 area which is expected to underpin and sustain gains from the .6087 low. Only below .6300 level will open up room for deeper corrective pullback to support at the .6250/33 higher lows.