Published: 2025-07-23T00:22:00.000Z
Chart AUD/USD Update: Scope to retest .6590/95 highs
Technical Analyst
1
Break above the .6330/50 resistance see prices extending gains from the .6454 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6750 | * | congestion | S1 | 0.6500 | * | congestion | |
| R3 | 0.6700 | * | 76.4% Sep/Apr fall | S2 | 0.6450 | * | congestion | |
| R2 | 0.6688 | * | 7 Nov high | S3 | 0.6400 | * | Feb high, congestion | |
| R1 | 0.6595/00 | ** | 11 Jul YTD high, congestion | S4 | 0.6372 | ** | Jun low |
Asterisk denotes strength of level
00:10 GMT - Break above the .6330/50 resistance see prices extending gains from the .6454 low of last week. Positive daily studies suggest room for extension to retest the .6590/.6595 highs and the .6600 level. Would expect reaction here but bullish prices action suggest scope for break later to further retrace the September/April losses. Higher will open up scope to .6688 resistance and .6700, 76.4% Fibonacci level. Meanwhile, support is at the .6500/.6485 area which is expected to underpin and sustain bounce from .6454 low.