Published: 2025-10-15T13:51:03.000Z
Chart AUD/USD Update: Consolidating - background under pressure
3
Consolidation above the 0.6440 low of 14 October has given way to a break back above 0.6500
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | ** | 7 Nov (m) high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6630 | * | recent highs | S2 | 0.6440 | 14 Oct low | ||
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6350 | * | congestion |
Asterisk denotes strength of level
14:30 BST - Consolidation above the 0.6440 low of 14 October has given way to a break back above 0.6500, with prices currently trading around 0.6510. Oversold daily stochastics are unwinding, highlighting room for further strength. But the negative daily Tension Indicator and bearish weekly charts should limit scope in renewed selling interest towards congestion around 0.6550. Following cautious trade, fresh losses are looked for. A break below 0.6440 will add weight to sentiment and open up stronger support at congestion around 0.6400. Oversold daily stochastics could limit any initial tests in consolidation.