Published: 2025-08-21T00:21:55.000Z
Chart AUD/USD Update: Extending losses
Technical Analyst
3
Break of support at .6450 has seen losses to approach the .6418/00 support area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | 24 Jul YTD low | S1 | 0.6418/00 | ** | 1 Aug low, congestion | |
| R3 | 0.6570 | ** | 14 Aug high | S2 | 0.6372 | * | Jun low | |
| R2 | 0.6550 | * | congestion | S3 | 0.6355 | ** | May low, 38.2% | |
| R1 | 0.6482/00 | * | 14 Aug low, congestion | S4 | 0.6300 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Break of support at .6450 has seen losses to approach the .6418/00 support area. Oversold intraday suggest reaction here likely but consolidation here is expected to give way to renewed selling pressure later. Lower will open up room for extension to the .6400 level then the strong support at the .6372/.6355, June and May lows as well as 38.2% Fibonacci level. Meanwhile, resistance is lowered to the .6482/.6500 area which is expected to cap and sustain losses from the .6570 high.