Published: 2025-08-19T13:17:26.000Z
Chart AUD/USD Update: Under pressure
Senior Technical Strategist
1
The anticipated break below 0.6500 is extending
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | 24 Jul YTD high | S1 | 0.6450 | congestion | |||
| R3 | 0.6600 | ** | congestion | S2 | 0.6400 | * | break level | |
| R2 | 0.6550 | * | congestion | S3 | 0.6360 | ** | break level | |
| R1 | 0.6500 | * | congestion | S4 | 0.6335 | ** | 38.2% ret of Apr-Jul rally |
Asterisk denotes strength of level
14:05 BST - The anticipated break below 0.6500 is extending, as intraday studies turn down, with focus turning to congestion support at 0.6450. Daily readings are under pressure and broader weekly charts are negative, highlighting room for still deeper losses in the coming sessions. A close below 0.6450 will add fresh weight to sentiment and put focus on 0.6400. Meanwhile, a close back above congestion resistance at 0.6500 will turn sentiment neutral and give way to range extension beneath further congestion around 0.6550.