Published: 2025-09-04T00:26:40.000Z
Chart AUD/USD Update: Back to retest .6550/70 resistance
Technical Analyst
1
Consolidation above the .6500 level has given way to bounce to retest the .6550/70 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 - Consolidation above the .6500 level has given way to bounce to retest the .6550/70 resistance. Gains beyond this likely to remain limited with daily studies still in overbought areas and suggest further range extension. A later break will open up room for retest of the .6600 level and the .6625, July current year high. Clearance here will further retrace losses from the September 2024 year high. Meanwhile, support at the .6500/.6480 area is expected to underpin and sustain bounce from the .6415 August low.