Published: 2025-06-19T13:33:10.000Z
Chart AUD/USD Update: Leaning lower
Senior Technical Strategist
4
The anticipated drift lower is approaching congestion support at 0.6450
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6668 | ** | 7 Nov (m) high | S1 | 0.6450 | congestion | ||
| R3 | 0.6600 | ** | congestion | S2 | 0.6400 | * | break level | |
| R2 | 0.6550 | ** | 61.8% ret of Sep-Apr fall | S3 | 0.6360 | ** | break level | |
| R1 | 0.6500 | * | congestion | S4 | 0.6300 | ** | congestion |
Asterisk denotes strength of level
14:25 BST - The anticipated drift lower is approaching congestion support at 0.6450, where oversold intraday studies could prompt short-term reactions. Daily stochastics have ticked down and the daily Tension Indicator is also under pressure, highlighting room for further losses in the coming sessions. A break beneath here will open up 0.6400. But rising weekly charts could prompt renewed consolidation/buying interest above here. Meanwhile, a close above the 0.6550 Fibonacci retracement is needed to turn sentiment positive and confirm continuation of April gains, initially to congestion around 0.6600.