Published: 2025-08-28T00:17:51.000Z
Chart AUD/USD Update: Extending gains
Technical Analyst
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Consolidation below the .6500 level has given way to break to extend gains from the .6415 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | 24 Jul YTD high | S1 | 0.6462 | * | 27 Aug low | |
| R3 | 0.6600 | * | congestion | S2 | 0.6415/00 | ** | 21 Aug low, congestion | |
| R2 | 0.6570 | ** | 14 Aug high | S3 | 0.6372 | * | Jun low | |
| R1 | 0.6550 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:10 GMT - Consolidation below the .6500 level has given way to break to extend gains from the .6415 low of last week. Positive daily studies suggest scope for extension to retest resistance at the .6550 congestion and equidistance channel. Clearance here, if seen, will expose the .6570 high of last week to retest and open up scope for retest of the .6600 level and .6625, July current year high. Meanwhile, support is at the .6462 mid-week low which now underpin and sustain bounce from the .6415 low.