Published: 2025-07-14T13:47:34.000Z
Chart AUD/USD Update: Leaning lower in range
Senior Technical Strategist
1
Choppy trade beneath congestion resistance at 0.6600 is giving way to a pullback to 0.6550
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6723 | 21 Oct (w) high | S1 | 0.6500 | * | congestion | ||
| R3 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S2 | 0.6450 | congestion | ||
| R2 | 0.6688 | ** | 7 Nov (m) high | S3 | 0.6400 | * | break level | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
14:35 BST - Choppy trade beneath congestion resistance at 0.6600 is giving way to a pullback to 0.6550, as intraday studies turn down. A break will open up further congestion around 0.6500. But rising daily readings and positive weekly charts are expected to limit any tests in fresh consolidation. Following choppy trade, fresh gains are looked for. But a close above 0.6600 is needed to turn sentiment positive and extend April gains towards the 0.6688 monthly high of 7 November and the 0.6700 Fibonacci retracement.