Published: 2025-05-22T00:13:31.000Z
Chart AUD/USD Update: Extend consolidation
Technical Analyst
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Still little change, as prices extend choppy trade above support at .6400/.6385 congestion area
| 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 | 0.6500/14 | ** | congestion, 7 May YTD high | S3 | 0.6300 | * | congestion | |
| R1 | 0.6465 | * | 19 May high | S4 | 0.6285 | * | 38.2% Apr/May rally |
Asterisk denotes strength of level
00:10 GMT - Still little change, as prices extend choppy trade above support at .6400/.6385 congestion area. Mixed daily studies suggest further ranging action likely to extend with the broader prices action from the late-April supported above the .6355/.6345 area. Only break here will confirm a 4-week top pattern at the .6500/14 highs and see deeper pullback to retrace gains from the April low. Meanwhile, resistance is at .6450/65 area and clearance here needed to expose the .6500/14 highs to retest and see scope to further retrace the September/April losses.