Published: 2025-07-21T00:23:47.000Z
Chart AUD/USD Update: Higher in range
Technical Analyst
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Turned up in range from above the support at the .6450 congestion as prices consolidate losses from the .6595 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | 7 Nov high | S1 | 0.6450 | * | congestion | |
| R3 | 0.6595/00 | ** | 11 Jul YTD high, congestion | S2 | 0.6400 | * | Feb high, congestion | |
| R2 | 0.6550 | * | 16 Jun high | S3 | 0.6372 | ** | Jun low | |
| R1 | 0.6530 | * | 17 Jul high | S4 | 0.6355 | ** | May low |
Asterisk denotes strength of level
00:10 GMT - Turned up in range from above the support at the .6450 congestion as prices consolidate losses from the .6595 high. However, negative daily and weekly studies suggest the downside still vulnerable and consolidation is expected to give way to fresh selling pressure later. Break of .6450 support will see room for extension to the .6400 level and .6372/.6355, June/May lows. Meanwhile, resistance at the .6530/50 area is expected to cap. Clearance here will fade the downside pressure and return focus to the .6590/.6595 highs.