Chart the Market (23/07/2025)

AUDUSD, H4: 

The Australian dollar continues to trade within a well-established long-term uptrend channel that has remained intact since mid-April. In recent sessions, the pair has rebounded strongly from the channel’s lower boundary and is now testing a key resistance level at 0.6590. A decisive break above this threshold could signal a bullish continuation for the pair.

Momentum indicators are aligning with the bullish outlook. The Relative Strength Index (RSI) has bounced higher and is now approaching overbought territory, indicating renewed buying interest. Meanwhile, although the MACD remains marginally below the zero line, it is showing signs of a bullish crossover, suggesting that downside momentum has faded.

A sustained move above 0.6590 could reinforce the broader uptrend and pave the way for further gains in the near term.

Resistance Levels: 0.6590, 0.6655

Support Levels: 0.6531, 0.6455

SOL,  H4

Solana (SOL) has extended its bullish momentum after forming an inverted head-and-shoulders pattern in June, rallying more than 35% since the breakout. The cryptocurrency recently surged past a significant liquidity zone near the $178.00 mark, climbing to test the psychologically important $200.00 level — a move that underscores strengthening bullish sentiment.

Technical indicators are reinforcing the upside bias. The Relative Strength Index (RSI) has entered overbought territory, signaling heightened buying pressure, while the MACD continues to trend higher, indicating accelerating bullish momentum.

A sustained hold above the $200.00 threshold could open the door for further gains, potentially targeting new highs in the short to medium term.

Resistance Levels: 218.60, 241.20

Support Levels: 182.10, 167.60