Published: 2025-06-10T00:12:53.000Z
Chart AUD/USD Update: Room to extend bullish bias
Technical Analyst
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Edged higher in consolidation and close above the .6500 level see room to retest .6537, April YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6650 | * | congestion | S1 | 0.6450 | * | congestion | |
| R3 | 0.6600 | * | congestion | S2 | 0.6400 | * | congestion | |
| R2 | 0.6550 | * | 61.8% Sep/Apr fall | S3 | 0.6355/45 | ** | 30, 24 Apr lows | |
| R1 | 0.6537 | ** | 26 Apr YTD high | S4 | 0.6300 | * | congestion |
Asterisk denotes strength of level
00:00 GMT - Edged higher in consolidation and close above the .6500 level see room to retest .6537, April YTD high. Bullish bias from the .6355/45 support area keeps focus on the upside and see room to extend gains from the April low towards .6550, 61.8% Fibonacci level. Clearance here will see continuation towards the .6600 level and .6650 congestion. Meanwhile, support is at .6450 which should underpin and sustain choppy gains. Below this will leave the way open for deeper pullback towards strong support at .6400.