Published: 2025-08-08T00:25:04.000Z
Chart AUD/USD Update: Extending gains
Technical Analyst
1
Extending gains as break above the .6500 level opens up room for extension to the .6550 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | * | 76.4% Sep/Apr fall | S1 | 0.6500 | * | congestion | |
| R3 | 0.6625 | ** | 24 Jul YTD high | S2 | 0.6450 | * | congestion | |
| R2 | 0.6595/00 | * | 11 Jul high, congestion | S3 | 0.6418 | ** | 1 Aug low | |
| R1 | 0.6550 | * | 16 Jun high | S4 | 0.6400 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Extending gains as break above the .6500 level opens up room for extension to the .6550 resistance. Daily studies continues to track higher and break here cannot be ruled out. Clearance will return focus to the .6595 and .6625 July and current year highs. Would expect reaction at the latter to correct strong gains from the .6418 low. Meanwhile, support is raised to the .6500 level which is expected to underpin. Below here will fade the upside pressure and open up room to .6450 and .6418 support.