Published: 2025-07-01T00:20:08.000Z
Chart AUD/USD Update: Extending gains
Technical Analyst
-
Consolidation at the .6550 resistance has given way to break to fresh year high at .6583
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6550 | * | congestion | |
| R3 | 0.6685 | * | Nov 2024 high | S2 | 0.6500 | * | congestion | |
| R2 | 0.6650 | * | congestion | S3 | 0.6450 | * | congestion | |
| R1 | 0.6600 | * | congestion | S4 | 0.6400 | ** | congestion |
Asterisk denotes strength of level
00:15 GMT - Consolidation at the .6550 resistance has given way to break to fresh year high at .6583 to extend rally from the .6372 low of last week. Nearby see room to the .6600 level to further extend gains from .5913 April current year low to retrace losses from the September high. Daily studies continues to track higher but at overbought areas and caution corrective pullback. Meanwhile, support is raised to .6550 broken resistance which should underpin. Below here will ease the upside pressure and see room for corrective pullback to the .6500 support.