Published: 2025-10-09T13:52:44.000Z
Chart AUD/USD Update: Choppy trade - studies under pressure
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Consolidation has given way to a test above congestion resistance at 0.6600
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.6700 | ** | 76.4% ret of Sep-Apr fall | S1 | 0.6550 | * | congestion | |
| R3 | 0.6688 | ** | 7 Nov (m) high | S2 | 0.6500 | * | congestion | |
| R2 | 0.6630 | * | recent highs | S3 | 0.6400 | ** | congestion | |
| R1 | 0.6600 | ** | congestion | S4 | 0.6350 | * | congestion |
Asterisk denotes strength of level
14:45 BST - Consolidation has given way to a test above congestion resistance at 0.6600, before settling into choppy trade beneath here as intraday studies turn mixed. Daily readings continue to deteriorate and broader weekly charts are under pressure, suggesting room for fresh losses in the coming sessions. Support remains at congestion around 0.6550. A break beneath here will add weight to sentiment and initially open up further congestion around 0.6500. Meanwhile, resistance within the 0.6600/30 range is expected to cap any immediate tests higher.