Published: 2025-08-15T00:22:26.000Z
Chart AUD/USD Update: Turned back from test of July channel top
Technical Analyst
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No follow-through on break above the .6550 resistance as prices met with selling pressure at the July upper channel
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | Nov high | S1 | 0.6500/82 | * | congestion, 12 Aug low | |
| R3 | 0.6625 | ** | 24 Jul YTD high | S2 | 0.6450 | * | congestion | |
| R2 | 0.6600 | ** | congestion, trendline | S3 | 0.6418/00 | ** | 1 Aug low, congestion | |
| R1 | 0.6550 | * | congestion | S4 | 0.6355 | ** | May low |
Asterisk denotes strength of level
00:15 GMT - No follow-through on break above the .6550 resistance as prices met with selling pressure at the July upper channel. Sharp pullback see pressure returning to the .6500/.6482 support with the outside range suggesting scope for break here to further retrace recent gains from the .6418 low. Lower will open up room for retest of support at the .6450 congestion. Below this will threaten .6418 low and extension to the lower channel at .6400/.6355 area. Meanwhile, resistance at the .6550/70 area now expected to cap.