Published: 2025-09-01T00:21:53.000Z
Chart AUD/USD Update: Pressuring .6550 resistance
Technical Analyst
2
Consolidating test of resistance at the .6550 congestion area as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | 24 Jul YTD high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6600 | * | congestion | S2 | 0.6462 | * | 27 Aug low | |
| R2 | 0.6570 | ** | 14 Aug high | S3 | 0.6415/00 | ** | 21 Aug low, congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:15 GMT - Consolidating test of resistance at the .6550 congestion area as prices unwind overbought intraday studies. However, pressure remains on the upside and see scope for eventual break. Clearance here will open up room for extension to .6570 high of 14th August. Beyond this will turn focus to the .6600 level and .6625, July current year high. Break will extend the April gains and see room to .6688/.6700. Meanwhile, support is raised to the .6500 level which should now underpin and sustain bullish gains from the .6415 low.