Published: 2026-06-05T14:09:13.000Z
Chart AUD/USD Update: Under pressure
2
Choppy trade has given way to fresh losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | ** | historic congestion | S1 | 0.7050 | * | congestion | |
| R3 | 0.7280~ | ** | June 2022 high | S2 | 0.7000 | * | congestion | |
| R2 | 0.7200 | ** | break level, 61.8% ret | S3 | 0.6900 | * | congestion | |
| R1 | 0.7100 | congestion | S4 | 0.6833 | ** | 30 Mar (m) low |
Asterisk denotes strength of level
15:00 BST - Choppy trade has given way to fresh losses, with the break below 0.7100 adding weight to sentiment and putting focus on congestion support at 0.7050. Deteriorating daily readings and bearish weekly charts highlight room for still deeper reactions, with a break beneath here adding further weight to price action and opening up 0.7000. Meanwhile, a close back above congestion resistance at 0.7100, if seen, would help to stabilise sentiment and put prices back in range trade beneath strong resistance at 0.7200.