Published: 2025-03-25T01:17:28.000Z
Chart AUD/USD Update: Extend consolidation above .6260/50 area
Technical Analyst
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Extending consolidation above the .6260/50 congestion area as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6515 | * | 50% Sep/Feb fall | S1 | 0.6260/50 | ** | 11 Mar low, congestion | |
| R3 | 0.6440 | * | 14 Nov low | S2 | 0.6230 | * | lower channel | |
| R2 | 0.6400/15 | ** | congestion, 38.2% | S3 | 0.6200 | * | congestion | |
| R1 | 0.6330 | * | Jan high | S4 | 0.6185 | ** | 4 Mar low |
Asterisk denotes strength of level
01:15 GMT - Extending consolidation above the .6260/50 congestion area as prices unwind oversold intraday studies. However, pressure remains on the downside and further losses cannot be ruled out. Lower will see room to the channel from the February low at .6230 then the .6200/.6185 congestion area. However, corrective pullback expected to give way to renewed buying interest later. Resistance remains at .6300/30 area and clearance here will open up room for retest of the .6390 high and the .6400/15 congestion and 50% Fibonacci level.