Published: 2025-12-17T00:20:44.000Z
Chart AUD/USD Update: Weighing on .6625/00 support
1
Still supported, but pressure building on the downside from the .6685 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6750/00 | * | congestion | S1 | 0.6625/00 | * | Jul high, congestion | |
| R3 | 0.6710 | * | 38.2% 2021/Apr fall | S2 | 0.6550 | * | congestion | |
| R2 | 0.6700/07 | ** | figure, 17 Sep YTD high | S3 | 0.6500 | * | congestion | |
| R1 | 0.6685 | * | 10 Dec high | S4 | 0.6440/15 | ** | Oct, Aug lows |
Asterisk denotes strength of level
00:15 GMT - Still supported, but pressure building on the downside from the .6685 high of last week. Daily studies are tracking lower and threatens break of support at the .6625/00 area. Below this will see room to extend corrective pullback of the rally from the .6421 November low and see room to the .6550 support. Correction is expected to give way to renewed buying interest later, above the .6685 high will turn focus to strong resistance the .6707/10, September YTD high and 38.2% Fibonacci level. Break here will extend the April gains and retrace the broad losses from the 2021 year high.