Published: 2025-12-02T00:27:38.000Z
Chart AUD/USD Update: Still limited above .6550
1
No follow-through on break of the .6550 resistance as prices settled back in consolidation from the .6565 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6660 | * | 18 Sep high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6625/30 | ** | Jul, Oct highs | S2 | 0.6440 | ** | Oct low | |
| R2 | 0.6600 | * | congestion | S3 | 0.6415/00 | ** | Aug low, 38.2% | |
| R1 | 0.6550 | * | congestion | S4 | 0.6372 | Jun low |
Asterisk denotes strength of level
00:20 GMT - No follow-through on break of the .6550 resistance as prices settled back in consolidation from the .6565 high to unwind overbought intraday studies. Daily chart are stretched as well and see room for minor pullback to support at .6520/00 area which is expected to underpin. Higher low sought to further pressure the upside later to extend bullish run-up from the .6440/.6415 support. Close above the .6550 resistance will see room for extension to strong resistance zone at the .6600 level and extending to the .6625/30, July/October highs.