Published: 2025-07-17T13:27:34.000Z
Chart AUD/USD Update: Under pressure
Senior Technical Strategist
4
Anticipated losses have reached congestion support at 0.6450
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S1 | 0.6450 | congestion | ||
| R3 | 0.6688 | ** | 7 Nov (m) high | S2 | 0.6400 | * | break level | |
| R2 | 0.6600 | ** | congestion | S3 | 0.6360 | ** | break level | |
| R1 | 0.6500 | * | congestion | S4 | 0.6335 | * | 38.2% ret of Apr-Jul rally |
Asterisk denotes strength of level
14:15 BST - Anticipated losses have reached congestion support at 0.6450, where oversold intraday studies are prompting short-term reactions. Daily readings are under pressure and broader weekly charts are turning down, highlighting room for a later break beneath here towards 0.6400. However, a break below 0.6360 is needed to extend July losses and confirm a near-term top in place around 0.6600. Meanwhile, resistance is lowered to congestion around 0.6500. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath critical resistance at congestion around 0.6600.