Chart AUD/USD Update: Limited gains from fresh 2025 year low
Choppy trade has posted a fresh 2025 year low at 0.5913, before posting steady bounce as intraday studies turn higher once again
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6300 | ** | congestion | S1 | 0.6000 | ** | historic congestion | |
| R3 | 0.6250 | * | break level | S2 | 0.5913 | current YTD low | ||
| R2 | 0.6200 | ** | congestion | S3 | 0.5700 | * | late-Mar 2020 (w) low | |
| R1 | 0.6127 | 7 Apr high | S4 | 0.5500/05 | ** | March 2020 (y) low |
Asterisk denotes strength of level
15:00 BST - Choppy trade has posted a fresh 2025 year low at 0.5913, before posting steady bounce as intraday studies turn higher once again. Oversold daily stochastics are also flattening, suggesting potential for further strength. But the negative daily Tension Indicator and bearish weekly charts are expected to limit scope in renewed selling interest towards the 0.6127 high of 7 April. Following corrective trade, fresh losses are looked for. A later close below 0.6000 will add weight to sentiment and extend broad losses below 0.5913 towards the 0.5700 weekly low of late-March 2020.