Published: 2025-03-14T00:13:04.000Z
Chart AUD/USD Update: Extend consolidation around .6300 level
Technical Analyst
1
Little change, as prices extend consolidation from the .6364 high of last week around the .6300 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6450 | * | congestion | S1 | 0.6250 | * | congestion | |
| R3 | 0.6400/15 | ** | congestion, 38.2% | S2 | 0.6200 | * | congestion | |
| R2 | 0.6364 | * | 6 Mar high | S3 | 0.6187 | ** | 4 Mar low | |
| R1 | 0.6330 | * | Jan high | S4 | 0.6131 | * | Jan low |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation from the .6364 high of last week around the .6300 level. Mixed daily studies keep ranging action within the .6330/.6250 area. Would take break above the .6330 resistance to open up the .6364 high to retest and see scope for extension to retest the strong resistance at the .6400/.6415, congestion and 38.2% Fibonacci level. Beyond this will extend the broader gains from the .6087 February YTD low to retrace losses from the September high. Meanwhile, support at .6250 underpin and sustain bounce from above the .6200/.6187 lows.