Published: 2025-08-13T08:17:04.000Z
Chart AUD/USD Update: Gains to remain limited
Senior Technical Strategist
1
Consolidation above congestion support at 0.6500 has given way to a bounce
| 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
09:00 BST - Consolidation above congestion support at 0.6500 has given way to a bounce, as intraday studies turn higher once again, with prices currently trading around congestion resistance at 0.6550. Daily stochastics and the daily Tension Indicator are also rising, highlighting room for continuation towards further congestion around 0.6600. However, negative weekly charts should limit any tests in fresh consolidation/selling interest. Meanwhile, support remains at 0.6500. A break beneath here, not yet seen, will add weight to sentiment and put focus initially on further congestion around 0.6450.