Published: 2025-06-13T14:11:52.000Z
Chart AUD/USD Update: Leaning lower in range
Senior Technical Strategist
2
Cautious trade has given way to a fresh test lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | 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
15:05 BST - Cautious trade has given way to a fresh test lower, with prices meeting buying interest above congestion support at 0.6450 as oversold intraday studies unwind. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is flattening, highlighting a deterioration in sentiment and room for further tests lower in the coming sessions. A break below 0.6450 will open up 0.6400. But mixed weekly charts are expected to limit any initial tests in fresh consolidation. Meanwhile, resistance remains up to the 0.6550 Fibonacci retracement, and should cap any immediate tests higher.