Published: 2026-10-12T13:32:23.000Z
Chart AUD/USD Update: Consolidating - background under pressure
1
Little change, as prices extend cautious trade within the 0.6950 - 0.7000 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7150 | * | congestion | S1 | 0.6950 | * | break level | |
| R3 | 0.7100 | ** | congestion | S2 | 0.6900 | ** | congestion | |
| R2 | 0.7050 | * | congestion | S3 | 0.6865 | ** | 30 Jun (m) low | |
| R1 | 0.7000 | * | congestion | S4 | 0.6850 | ** | 50% ret of Nov-May rally |
Asterisk denotes strength of level
14:20 BST - Little change, as prices extend cautious trade within the 0.6950 - 0.7000 range. Intraday studies are under pressure, highlighting room for a test of support at 0.6950. But rising daily readings should limit any initial tests in consolidation, before bearish weekly charts prompt a break and open up a test of congestion support at 0.6900.
Meanwhile, resistance is at congestion around 0.7000. A close above here, if seen, will improve sentiment and open up further congestion around 0.7050. However, any immediate tests should be limited in consolidation.