Published: 2025-09-08T13:43:15.000Z
Chart AUD/USD Update: Studies improving
Senior Technical Strategist
1
The overnight test of congestion support at 0.6550 has given way to a fresh bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S1 | 0.6550 | * | congestion | |
| R3 | 0.6688 | ** | 7 Nov (m) high | S2 | 0.6500 | * | congestion | |
| R2 | 0.6625 | ** | 24 Jul YTD high | S3 | 0.6450 | congestion | ||
| R1 | 0.6600 | ** | congestion | S4 | 0.6400 | * | break level |
Asterisk denotes strength of level
14:25 BST - The overnight test of congestion support at 0.6550 has given way to a fresh bounce, as intraday studies turn higher, with prices currently balanced just beneath congestion resistance at 0.6600 and the 0.6625 current year high of 24 July. Both daily and weekly charts are also improving, suggesting room for further strength in the coming sessions. A close above 0.6600/25 is needed to turn sentiment outright positive and confirm continuation of April gains. Meanwhile, support remains at 0.6550 and extends to 0.6500. This range should underpin any immediate setbacks.