Published: 2025-02-28T00:21:45.000Z
Chart AUD/USD Update: Weighing on .6250/33 support
Technical Analyst
2
Break of the .6300 level has seen sharp losses to reach support at the .6250/33 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6440 | * | 14 Nov low | S1 | 0.6250/33 | * | congestion, 10 Feb low | |
| R3 | 0.6400/15 | ** | congestion, 38.2% | S2 | 0.6200 | * | congestion | |
| R2 | 0.6330 | * | Jan high | S3 | 0.6131 | * | Jan low | |
| R1 | 0.6300 | * | congestion | S4 | 0.6087 | ** | 3 Feb YTD low |
Asterisk denotes strength of level
00:15 GMT - Break of the .6300 level has seen sharp losses to reach support at the .6250/33 area. The intraday and daily studies remains under pressure and break here will see room to the .6200 level. Reaction can be expected here with daily studies now into oversold areas. Failure to hold this will return focus to the .6131 and .6087, the January low and February YTD low. Meanwhile, resistance is lowered to the .6300/30 congestion area and regaining this is needed to ease the downside pressure and open up room for retest of the .6400/15 resistance.