Published: 2025-07-16T00:21:09.000Z
Chart AUD/USD Update: Under pressure, focus on .6500/.6485 support
Technical Analyst
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Consolidating above the .6507 low but pressure remains on the downside and see risk for break
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6688 | * | 7 Nov high | S2 | 0.6485 | ** | 7 Jul low | |
| R2 | 0.6595 | ** | 11 Jul YTD high | S3 | 0.6450 | * | congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
00:15 GMT - Consolidating above the .6507 low but pressure remains on the downside and see risk for break to extend pullback from the .6595 current year high. Daily studies are tracking lower and threatens break here and the .6485 low. Below these will confirm a double top at the .6590/.6595 highs and open up room for deeper pullback to the channel support at .6450. Meanwhile, resistance is lowered to .6550 congestion. Clearance here needed to expose the .6590/.6595 highs and the .6600 level to retest and extend the April gains.