Published: 2025-09-03T00:31:10.000Z
Chart AUD/USD Update: Leaning lower from the .6550/70 resistance
Technical Analyst
1
No follow-through on break of the .6500 level but unwinding overbought daily studies suggest room for deeper pullback from the .6550/75 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
00:20 GMT - No follow-through on break of the .6500 level but unwinding overbought daily studies suggest room for deeper pullback from the .6550/75 resistance. Close below the .6500 level will open up room to support at the .6462/50 area. Below this will see room for extension to retest the strong support at the .6415/00 area. Would take break of resistance at the .6550/70 congestion and August high to clear the way for retest of the .6600 level and .6625, July current year high.