Published: 2025-10-08T13:08:36.000Z
Chart AUD/USD Update: Leaning lower
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Consolidation has given way to a drift lower
| 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 | 0.6630 | * | recent highs | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6350 | * | congestion |
Asterisk denotes strength of level
13:50 BST - Consolidation has given way to a drift lower, with prices meeting fresh buying interest above congestion support at 0.6550 as oversold intraday studies unwind. Positive daily readings have turned mixed and broader weekly charts are under pressure, suggesting a deterioration in sentiment and room for fresh losses in the coming sessions. A break below 0.6550 will add weight to sentiment and initially open up further congestion around 0.6500. Meanwhile, resistance remains at congestion around 0.6600 and extends to the 0.6630 recent highs. This tight range should cap any immediate tests higher.