Published: 2025-10-20T08:17:08.000Z
Chart AUD/USD Update: Balanced around 0.6500 - any break to remain limited
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The test of support at the 0.6440 weekly low of 14 October has given way to a bounce to congestion resistance at 0.6500
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6630 | * | recent highs | S1 | 0.6440 | * | 14 Oct (w) low | |
| R3 | 0.6600 | ** | congestion | S2 | 0.6400 | ** | congestion | |
| R2 | 0.6550 | * | congestion | S3 | 0.6350 | * | congestion | |
| R1 | 0.6500 | * | congestion | S4 | 0.6310 | ** | 50% ret of Apr-Sep rally |
Asterisk denotes strength of level
09:10 BST - The test of support at the 0.6440 weekly low of 14 October has given way to a bounce to congestion resistance at 0.6500, where mixed/positive intraday studies are prompting consolidation. A test above here cannot be ruled out. But mixed/negative daily readings and bearish weekly charts should limit scope in renewed selling interest towards further congestion around 0.6550. In the coming sessions, cautious trade is expected to give way to fresh losses. A break below 0.6440 will add weight to sentiment and extend mid-September losses initially towards congestion around 0.6400.