Chart AUD/USD Update: Balanced beneath fresh 2025 year highs
Anticipated gains have posted a fresh 2025 year high around 0.6668
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6723 | 21 Oct (w) high | S1 | 0.6625 | ** | 24 Jul (m) high | ||
| R3 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S2 | 0.6600 | ** | congestion | |
| R2 | 0.6688 | ** | 7 Nov (m) high | S3 | 0.6550 | * | congestion | |
| R1 | 0.6668~ | current year high | S4 | 0.6500 | * | congestion |
Asterisk denotes strength of level
14:50 BST - Anticipated gains have posted a fresh 2025 year high around 0.6668, where unwinding overbought intraday studies are prompting a pullback. Focus is turning to support at congestion around 0.6600 and the 0.6625 monthly high of 24 July. But the rising daily Tension Indicator and improving weekly charts are expected to limit any initial tests in consolidation. A close beneath here, if seen, will turn sentiment neutral and prompt consolidation above further congestion around 0.6550. Following cautious trade, fresh gains are looked for, with focus to turn to the 0.6688 monthly high of 7 November and the 0.6700 Fibonacci retracement. Initial tests of this range could give way to consolidation.