Published: 2026-10-30T00:25:00.000Z
Chart AUD/USD Update: Lower in consolidation
1
Test of the .7050/65 resistance has given way to selling pressure as prices consolidate gains from the .6900 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7140 | * | 21 Sep high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7100/05 | * | congestion, 61.8% | S2 | 0.6950 | * | congestion | |
| R2 | 0.7080 | ** | May low, congestion | S3 | 0.6900 | ** | congestion, channel | |
| R1 | 0.7050/65 | * | congestion, 50% Sep/Oct fall | S4 | 0.6865 | ** | Jun low |
Asterisk denotes strength of level
00:20 GMT - Test of the .7050/65 resistance has given way to selling pressure as prices consolidate gains from the .6900 level. Daily studies have turned lower to unwinding overbought reading but bullish gains from the latter keep focus on the upside and further gains cannot be ruled out. Higher will see room to strong resistance at .7080/.7100, May low and congestion area. Meanwhile, support remains at the .7000 congestion which should underpin. Break here will ease the upside pressure and leave the way open for deeper pullback to the .6950 congestion