Published: 2025-09-09T00:23:45.000Z
Chart AUD/USD Update: Pressuring .6600 level, break in focus
Technical Analyst
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Consolidation at the .6550 congestion has given way to fresh gains to reach the .6600 level
| 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 | 0.6625 | ** | 24 Jul YTD high | S3 | 0.6462 | * | 27 Aug low | |
| R1 | 0.6600 | * | congestion | S4 | 0.6415/00 | ** | 21 Aug low, congestion |
Asterisk denotes strength of level
00:10 GMT - Consolidation at the .6550 congestion has given way to fresh gains to reach the .6600 level. Pause here expected to give way to further gains to retest the .6625 current year high. The daily and weekly are tracking higher and suggest scope for break here to extend gains from the April low. Clearance will see room to the November high at .6688 then .6700, 76.4% Fibonacci level. Meanwhile, support is raised to the .6550 congestion which should underpin and sustain bounce from the .6500/.6480 area.