Published: 2025-03-28T00:14:43.000Z
Chart AUD/USD Update: Wound around the .6300 level
Technical Analyst
1
Little change, as prices drift within a narrow range around the .6300 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6515 | * | 50% Sep/Feb fall | S1 | 0.6260/50 | ** | 11 Mar low, congestion | |
| R3 | 0.6440 | * | 14 Nov low | S2 | 0.6240 | * | lower channel | |
| R2 | 0.6400/15 | ** | congestion, 38.2% | S3 | 0.6200 | * | congestion | |
| R1 | 0.6330 | * | Jan high | S4 | 0.6185 | ** | 4 Mar low |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices drift within a narrow range around the .6300 level. Intraday and daily studies are mixed and giving little directional clue with prices locked within the .6330/.6250 range. Meanwhile, rising channel support from the February low now coincides with the support at the .6260/50 area and is seen protecting the downside. Only break here will open up room for deeper pullback to the .6200 level. Resistance remains at .6330 and break here is needed to clear the way for retest of resistance at .6390 which extend to the .6400/15 congestion and 38.2% Fibonacci level.