Published: 2026-08-19T00:27:01.000Z
Chart AUD/USD Update: Settled back in range
1
No follow-through on break above the .7100/20 congestion and Fibonacci level as prices settled back in range from the .7129 Monday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7278 | ** | 6 May YTD high | S1 | 0.7050 | * | congestion | |
| R3 | 0.7200 | ** | congestion | S2 | 0.7025 | ** | 21 Jul high | |
| R2 | 0.7150 | * | congestion | S3 | 0.7000 | * | congestion | |
| R1 | 0.7100/20 | * | congestion, 61.8% May/Jun fall | S4 | 0.6950 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - No follow-through on break above the .7100/20 congestion and Fibonacci level as prices settled back in range from the .7129 Monday's high. Intraday and daily studies have turned lower from overbought areas and see room for pullback to support at .7050. Below this will open up room for deeper pullback to strong support at the .7025/00 area which is expected to underpin. Meanwhile, resistance at the .7100/20 area expected to cap. A later break will extend the June gains and see extension to .7150/.7200 congestion area.