Published: 2025-04-01T00:30:22.000Z
Chart AUD/USD Update: Under pressure
Technical Analyst
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Edged off the .6219 low as prices consolidate the breakdown from support at the .6260/50 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6440 | * | 14 Nov low | S1 | 0.6200 | * | congestion | |
| R3 | 0.6400/15 | ** | congestion, 38.2% | S2 | 0.6185 | ** | Mar low | |
| R2 | 0.6330 | * | Jan high | S3 | 0.6131 | * | Jan low | |
| R1 | 0.6260/80 | * | 11 Mar low, congestion | S4 | 0.6087 | ** | 3 Feb YTD low |
Asterisk denotes strength of level
00:20 GMT - Edged off the .6219 low as prices consolidate the breakdown from support at the .6260/50 congestion. Intraday studies are unwinding oversold readings but daily studies continues to track lower and see scope for further losses to retest the .6200/.6185, congestion and March low. The latter expected to underpin and higher low sought for bounce later. Meanwhile, resistance is lowered to the .6260/80 recent lows and congestion area. Would need to regain this to ease the downside pressure and see room for retest of the .6300 level and .6330 resistance.