Chart the Market (17/09/2025)
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Chart the Market (17/09/2025)

Published: 17 September 2025,08:43

Published: 17 September 2025,08:43

Chart The Market

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Chart the Market (17/09/2025)

Dow Jones, H4: 

The Dow retreated from its record peak of 46,173.00, sliding toward immediate support at 45,745.00. Despite the pullback, the index remains within its broader uptrend channel and is now approaching its trendline support, where a technical rebound could materialize.

Still, momentum signals point to waning strength. The RSI has slipped toward the midpoint, while the MACD is on the verge of crossing below the zero line. Both indicators suggest a potential bearish trend reversal, leaving the Dow vulnerable if support fails to hold.

Resistance Levels: 46,160.00, 46,530.00

Support Levels: 45,130.00, 44,550.00

AUDUSD, H4

The Australian dollar has been trading in a higher-high pattern, climbing to its 2025 peak at 0.6688 and reinforcing a bullish bias. However, the latest move saw the pair break below its uptrend support line, raising the prospect of a technical retracement.

Momentum indicators confirm a loss of steam. The RSI has retreated from overbought territory, though it remains at elevated levels, pointing to only a modest easing in bullish pressure. Meanwhile, the MACD has formed a bearish crossover above the zero line, suggesting a potential shift toward a trend reversal.

Resistance Levels: 0.6715, .06760

Support Levels: 0.6630, .06575

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