Published: 2026-10-13T14:21:17.000Z
Chart AUD/USD Update: Range trade - background under pressure
1
Still little change
| 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
15:10 BST - Still little change, as prices extend cautious trade within the 0.6950 - 0.7000 range. Daily studies are rising, suggesting room for a test of congestion resistance at 0.7000. But negative weekly charts should limit any break in renewed selling interest/consolidation beneath further congestion around 0.7050.
Meanwhile, support remains at 0.6950. A later break will add weight to sentiment and open up congestion around 0.6900. However, any immediate tests beneath here should be limited in consolidation above critical support within the 0.6833 monthly low of 30-31 March and 0.6850/65.