Published: 2026-07-20T13:55:53.000Z
Chart AUD/USD Update: Gains to remain limited
7
Cautious trade is giving way to steady gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.6950 | congestion | ||
| R3 | 0.7100 | ** | congestion | S2 | 0.6900 | * | congestion | |
| R2 | 0.7050 | * | congestion | S3 | 0.6850 | ** | 50% ret of Nov-May rally | |
| R1 | 0.7000 | * | congestion | S4 | 0.6833 | ** | 30 Mar (m) low |
Asterisk denotes strength of level
14:40 BST - Cautious trade is giving way to steady gains, with prices currently testing levels just above congestion resistance at 0.7000. The rising daily Tension Indicator highlights room for continuation above here. But flat overbought daily stochastics and mixed weekly charts should limit initial scope in renewed consolidation beneath further congestion around 0.7050. Meanwhile, immediate support is at congestion around 0.6950. But stronger support around 0.6900 should underpin any immediate setbacks.