Published: 2025-03-27T00:25:06.000Z
Chart AUD/USD Update: Extending consolidation at .6300
Technical Analyst
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Little change, as prices extend consolidation at the .6300 level after bounce attempt was checked at the .6330 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6515 | * | 50% Sep/Feb fall | S1 | 0.6260/50 | ** | 11 Mar low, congestion | |
| R3 | 0.6440 | * | 14 Nov low | S2 | 0.6240 | * | lower channel | |
| R2 | 0.6400/15 | ** | congestion, 38.2% | S3 | 0.6200 | * | congestion | |
| R1 | 0.6330 | * | Jan high | S4 | 0.6185 | ** | 4 Mar low |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation at the .6300 level after bounce attempt was checked at the .6330 resistance. The resulting flag pattern threatens break of support at the .6260/50 congestion area to extend losses from the .6390 high of last week. Nearby see channel support at .6240 and where break will open up room for retest of support at the .6200/.6185, congestion and 4 March low. Meanwhile, resistance remains at .6330 and break here is needed to clear the way for retest of resistance at .6390 and extending to .6400/15 congestion and 38.2% Fibonacci level.