Published: 2026-10-23T13:36:53.000Z
Chart AUD/USD Update: Cautious trade
1
Little change, as prices extend cautious trade around 0.7025
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.7000 | * | congestion | |
| R3 | 0.7140 | ** | 21 Sep (w) high | S2 | 0.6950 | * | break level | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | ** | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
14:25 BST - Little change, as prices extend cautious trade around 0.7025. Intraday studies are turning higher and the daily Tension Indicator is positive, suggesting room for a move towards congestion resistance at 0.7050. But flat overbought daily stochastics and mixed weekly charts should limit any initial tests in consolidation. A close above here, if seen, would open up further congestion around 0.7100, where renewed selling interest/consolidation is expected to appear.
Meanwhile, support remains at congestion around 0.7000. A close beneath here would add weight to sentiment and put focus back on 0.6950.