Published: 2025-08-05T00:14:04.000Z
Chart AUD/USD Update: Extending consolidation below .6500
Technical Analyst
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Little change, as prices extend consolidation below the .6500 level following bounce from the .6418 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625 | ** | 24 Jul YTD high | S1 | 0.6450 | * | congestion | |
| R3 | 0.6595/00 | * | 11 Jul high, congestion | S2 | 0.6418 | * | 1 Aug low | |
| R2 | 0.6550 | * | 16 Jun high, congestion | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6500 | * | congestion | S4 | 0.6355 | ** | May low, 38.2% |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation below the .6500 level following bounce from the .6418 low last week. Bullish outside range from the latter suggest scope for further gains to retrace losses from the .6625 high. Higher will open up room to the .6550 congestion. Clearance here will return focus to the .6595/.6625, July highs. Meanwhile, support is raised to the .6450 congestion which should underpin and sustain bounce from .6418 low. Below this will open up room for extension to support at the .6400/.6355 area.