Published: 2025-06-11T13:45:29.000Z
Chart AUD/USD Update: Fresh 2025 year high
Senior Technical Strategist
2
Choppy trade has posted a fresh 2025 year high just beneath strong resistance at the 0.6550 Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6723 | 21 Oct (w) high | S1 | 0.6500 | * | congestion | ||
| R3 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S2 | 0.6450 | congestion | ||
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | * | break level | |
| R1 | 0.6550 | ** | 61.8% ret of Sep-Apr fall | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
14:30 BST - Choppy trade has posted a fresh 2025 year high just beneath strong resistance at the 0.6550 Fibonacci retracement, with prices currently balanced around 0.6515. Intraday studies are mixed/negative, suggesting potential for a test of congestion support at 0.6500. But rising daily readings and mixed/positive weekly charts are expected to limit any break in renewed buying interest/consolidation above 0.6450. Following cautious trade, fresh gains are looked for. A close above 0.6550 is needed to turn sentiment positive and extend April gains initially to congestion around 0.6600.