Published: 2025-12-17T14:51:23.000Z
Chart AUD/USD Update: Room for a minor test lower
2
Cautious trade around 0.6650 is giving way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6705 | ** | 17 Sep YTD high | S1 | 0.6600 | ** | congestion | |
| R3 | 0.6700 | ** | 76.4% ret of 2024-2025 fall | S2 | 0.6550 | * | congestion | |
| R2 | 0.6685 | * | 10 Dec (w) high | S3 | 0.6500 | * | congestion | |
| R1 | 0.6650 | congestion | S4 | 0.6440 | ** | 14 Oct (m) low |
Asterisk denotes strength of level
14:35 GMT - Cautious trade around 0.6650 is giving way to a drift lower, with prices currently trading around 0.6620. Daily stochastics are falling and the daily Tension Indicator is also turning down, highlighting room for a test of congestion support at 0.6600. However, rising weekly charts should limit any break in renewed buying interest towards further congestion around 0.6550. Following cautious/corrective trade, fresh gains are looked for. A break above critical resistance at the 0.6700 Fibonacci retracement and the 0.6705 current year high of 17 September will improve sentiment and open up a test of 0.6800.