Published: 2025-08-22T00:22:36.000Z
Chart AUD/USD Update: Consolidating, room for lower later
Technical Analyst
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Steadied at the .6415 low as prices unwind the oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6570 | ** | 14 Aug high | S1 | 0.6415/00 | ** | 21 Aug low, congestion | |
| R3 | 0.6550 | * | congestion | S2 | 0.6372 | * | Jun low | |
| R2 | 0.6482/00 | * | 14 Aug low, congestion | S3 | 0.6355 | ** | May low, 38.2% | |
| R1 | 0.6450 | * | congestion | S4 | 0.6300 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Steadied at the .6415 low as prices unwind the oversold intraday studies. However, bearish momentum from the .6570 high keeps pressure on the downside and lower will see room to support at the .6400 congestion. Break here will open up room for extension to strong support at the .6372/.6355, June and May lows as well as 38.2% Fibonacci level. Meanwhile, resistance is lowered to .6450 congestion while regaining this will fade the downside pressure and open up room for stronger bounce to the .6482/.6500 area.