Chart AUD/USD Update: Lower from 2025 year high
The pullback from the 0.6625 current year high of 24 July is extending
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6688 | ** | 7 Nov (m) high | S2 | 0.6450 | congestion | ||
| R2 | 0.6625 | 24 Jul YTD high | S3 | 0.6400 | * | break level | ||
| R1 | 0.6600 | ** | congestion | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
14:55 BST - The pullback from the 0.6625 current year high of 24 July is extending, as intraday studies turn down, with the break below 0.6600 turining sentiment neutral and putting immediate focus on 0.6550. Bullish daily studies are flattening and overbought weekly stochastics are unwinding, highlighting room for a break towards congestion support at 0.6500. However, already oversold intraday studies could limit any initial tests in consolidation. Meanwhile, resistance remains at 0.6600. A close above here is needed to turn sentiment positive and extend April gains to fresh 2025 year highs towards strong resistance at the 0.6688 monthly high of 7 November and the 0.6700 Fibonacci retracement.