Published: 2025-05-30T00:20:51.000Z
Chart AUD/USD Update: Steady in range above .6400
Technical Analyst
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Little change, as prices drifts narrowly above support at .6400 to consolidate pullback from the .6537 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6600 | * | congestion | S1 | 0.6400 | * | congestion | |
| R3 | 0.6550 | * | 61.8% Sep/Apr rally | S2 | 0.6355/45 | ** | 30, 24 Apr lows | |
| R2 | 0.6537 | ** | 26 Apr YTD high | S3 | 0.6300 | * | congestion | |
| R1 | 0.6500 | * | congestion | S4 | 0.6250 | 10 Apr high |
Asterisk denotes strength of level
00:15 GMT - Little change, as prices drifts narrowly above support at .6400 to consolidate pullback from the .6537 high. Negative daily studies threatens break here to open up strong support at the .6355/.6345 lows to retest. This area is expected to underpin and sustain the bullish gains from .5913, 9 April YTD low. Below here will open up room for deeper retracement of the April/May rally. Meanwhile, resistance is at the .6500 congestion. Clearance here needed to return focus to the .6537 high and extend the April gains towards .6600/.6650 congestion area.