Published: 2025-04-03T00:26:40.000Z
Chart AUD/USD Update: Choppy below .6330 resistance
Technical Analyst
2
Leaning lower after bounce attempt was checked at the .6300/30 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6440 | * | 14 Nov low | S1 | 0.6200 | * | congestion | |
| R3 | 0.6400/15 | ** | congestion, 38.2% | S2 | 0.6185 | ** | Mar low | |
| R2 | 0.6330 | * | Jan high | S3 | 0.6131 | * | Jan low | |
| R1 | 0.6300 | * | congestion | S4 | 0.6087 | ** | 3 Feb YTD low |
Asterisk denotes strength of level
00:15 GMT - Leaning lower after bounce attempt was checked at the .6300/30 resistance. Mixed daily studies suggest further choppy trade likely with support starting at .6260 then the .6219, Monday's low. Below this will expose critical support at .6200/.6185 congestion and March low to retest. Break here, if seen, will return focus to the .6130 and .6087 lows. Meanwhile, resistance remains at the .6300 level and .6300 congestion. Would need to clear these to fade the downside pressure and see scope for retest of strong resistance at .6400/15 congestion and 38.2% Fibonacci level.