Published: 2025-08-15T13:50:12.000Z
Chart AUD/USD Update: Gains to remain limited
Senior Technical Strategist
5
The break below 0.6500 has bounced from 0.6485~
| 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
14:45 BST - The break below 0.6500 has bounced from 0.6485~, as oversold intraday studies unwind, with prices once again trading above 0.6500. Rising daily studies are flattening, suggesting difficulty sustaining tests higher, with any tests of congestion resistance at 0.6550 to give way to renewed selling interest. Following corrective 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.