Published: 2025-07-25T00:19:20.000Z
Chart AUD/USD Update: Consolidating gains to .6625, fresh year high
Technical Analyst
5
Break above the .6600 level has seen gains to fresh year high at .6625 before settling back in consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6550 | * | congestion | |
| R3 | 0.6688 | * | Nov high | S2 | 0.6500 | * | congestion | |
| R2 | 0.6650 | ** | 2021 trendline | S3 | 0.6454/50 | ** | 17 Jul low, congestion | |
| R1 | 0.6600/25 | ** | congestion, 24 Jul YTD high | S4 | 0.6400 | ** | Feb high, congestion |
Asterisk denotes strength of level
00:10 GMT - Break above the .6600 level has seen gains to fresh year high at .6625 before settling back in consolidation as prices unwind overbought intraday readings. Positive daily and weekly studies suggest consolidation here giving way to extension of the broader gains from the April low. Nearby see trendline resistance from 2021 high coming into play at .6650. Higher still will open up room to .6688 resistance and .6700, 76.4% Fibonacci level. Meanwhile, support is raised to the .6550/40 congestion area which is expected to underpin and sustain bounce from .6454 low.