Published: 2025-08-18T13:55:37.000Z
Chart AUD/USD Update: Consolidating - studies under pressure
Senior Technical Strategist
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Little change, as prices extend consolidation following the break above 0.6500
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6688 | * | 7 Nov (m) high | S1 | 0.6500 | * | congestion | |
| R3 | 0.6625 | 24 Jul YTD high | S2 | 0.6450 | congestion | |||
| R2 | 0.6600 | ** | congestion | S3 | 0.6400 | * | break level | |
| R1 | 0.6550 | * | congestion | S4 | 0.6360 | ** | break level |
Asterisk denotes strength of level
14:50 BST - Little change, as prices extend consolidation following the break above 0.6500. Daily stochastics are turning down and the rising daily Tension Indicator is flattening, suggesting any further gains should be limited in renewed selling interest beneath congestion resistance at 0.6550. Following cautious trade, negative weekly charts highlight room for fresh losses. A later close below congestion support at 0.6500 will open up further congestion around 0.6450, with room for later continuation down to 0.6400.