Published: 2025-12-19T00:19:26.000Z
Chart AUD/USD Update: Consolidating above .6600, room for lower
1
Limited on break of the .6600 level as prices edged up to consolidate pullback from the .6685 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6710 | * | 38.2% 2021/Apr fall | S1 | 0.6600 | * | congestion | |
| R3 | 0.6707 | ** | 17 Sep YTD high | S2 | 0.6550 | * | congestion | |
| R2 | 0.6685 | * | 10 Dec high | S3 | 0.6500 | * | congestion | |
| R1 | 0.6625 | * | Jul high, congestion | S4 | 0.6440/15 | ** | Oct, Aug lows |
Asterisk denotes strength of level
00:10 GMT - Limited on break of the .6600 level as prices edged up to consolidate pullback from the .6685 high. However, pressure remains on the downside and see potential for break to further retrace the November rally from the .6421 low to the .6550 support. Correction is expected to give way to renewed buying interest later. Break above the .6685 high will turn focus to strong resistance the .6707/10, September YTD high and 38.2% Fibonacci level. Clearance will extend the April gains and retrace the broader losses from the 2024 year high.