Published: 2025-11-18T00:26:29.000Z
Chart AUD/USD Update: Threatens retest of .6458/40 lows
-
Consolidation below the .6550 resistance has given way to selling pressure to extend rejection from the .6580 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6625/30 | ** | Jul, Oct highs | S1 | 0.6458 | * | 5 Nov low | |
| R3 | 0.6600 | * | congestion | S2 | 0.6440 | ** | Oct low | |
| R2 | 0.6550 | * | congestion | S3 | 0.6415/00 | ** | Aug low, 38.2% | |
| R1 | 0.6500/20 | * | congestion, 26 Sep low | S4 | 0.6372 | Jun low |
Asterisk denotes strength of level
00:15 GMT - Consolidation below the .6550 resistance has given way to selling pressure to extend rejection from the .6580 high of last week. Break of the .6500 level threatens deeper pullback to recent lows at .6458 and .6440. Below these will extend the broader losses from .6707 September current year high to retrace gains from April low. Lower will turn focus to the .6415/00 support and 38.2% Fibonacci level. Meanwhile, resistance is lowered to the .6500/20 area which is now expected to cap and sustain losses from .6580 high.