Published: 2025-09-10T00:24:42.000Z
Chart AUD/USD Update: Consolidate below .6600/25 resistance
Technical Analyst
2
No follow-through on break of the .6600 level as prices settled back from approach of the .6625, July high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6550 | * | congestion | |
| R3 | 0.6688 | * | Nov high | S2 | 0.6500 | * | congestion | |
| R2 | 0.6625 | ** | 24 Jul YTD high | S3 | 0.6462 | * | 27 Aug low | |
| R1 | 0.6600 | * | congestion | S4 | 0.6415/00 | ** | 21 Aug low, congestion |
Asterisk denotes strength of level
00:15 GMT - No follow-through on break of the .6600 level as prices settled back from approach of the .6625, July high. Intraday studies are unwinding overbought readings and see prices consolidating below the .6600 level. However, positive daily and weekly studies suggest corrective pullback giving way to renewed buying interest later. Clearing the .6600/25 resistance will extend gains from the April low and see room to the November high at .6688 then .6700, 76.4% Fibonacci level. Meanwhile, support is raised to the .6550 congestion which should underpin and sustain bounce from the .6415, August low.