Published: 2025-11-03T00:21:47.000Z
Chart AUD/USD Update: Consolidating at .6550, but still heavy
-
Little change, as prices steadied at the .6533 low to consolidate around the .6550 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6707 | ** | 17 Sep YTD high | S1 | 0.6550 | * | congestion | |
| R3 | 0.6660 | 18 Sep high | S2 | 0.6520/00 | * | 26 Sep low, congestion | ||
| R2 | 0.6625 | ** | Jul high, congestion | S3 | 0.6470 | * | 10 Oct low | |
| R1 | 0.6600 | * | congestion | S4 | 0.6440 | ** | 14 Oct low |
Asterisk denotes strength of level
00:15 GMT - Little change, as prices steadied at the .6533 low to consolidate around the .6550 congestion. However, pressure remains on the downside following rejection from the .6600/25 resistance. Lower will see room for deeper pullback to support at the .6520/.6500 area, which is expected to underpin. Corrective pullback is expected to give way to renewed buying interest later to retest the .6600/25 resistance. Break here will see room to the .6660 resistance but focus will turn to the .6700 level and .6707, current year high.