Published: 2025-05-26T00:22:42.000Z
Chart AUD/USD Update: Pressuring .6500/14 highs, break in focus
Technical Analyst
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Pressuring the .6500/14 highs following rebound from support at the .6400/.6385 congestion on Friday
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6650 | * | congestion | S1 | 0.6450 | * | congestion | |
| R3 | 0.6600 | * | congestion | S2 | 0.6400 | * | congestion | |
| R2 | 0.6550 | * | 61.8% Sep/Apr rally | S3 | 0.6355/45 | ** | 30, 24 Apr lows | |
| R1 | 0.6500/14 | ** | congestion, 7 May YTD high | S4 | 0.6300 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Pressuring the .6500/14 highs following rebound from support at the .6400/.6385 congestion on Friday. Daily and weekly studies remains positive and clearance here will extend gains from the .5913 low of April to retrace losses from the September high. Break will see room to .6550, 61.8% Fibonacci level. Higher still, will open up room to the .6600/.6650 congestion area. Meanwhile, support is raised to the .6550 congestion which should underpin and sustain bounce from .6400/.6385 area.