Published: 2026-08-03T13:28:40.000Z
Chart AUD/USD Update: Lower in range
1
The retest of congestion resistance at 0.7050 is giving way to selling interest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7277 | ** | 6 May YTD high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7200 | ** | congestion | S2 | 0.6950 | congestion | ||
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | * | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
14:20 BST - The retest of congestion resistance at 0.7050 is giving way to selling interest, as intraday studies turn down, with prices currently pressuring congestion support at 0.7000. A break will open up further congestion around 0.6950. But rising daily readings should limit any initial tests in consolidation/range extension. Meanwhile, mixed weekly charts should limit any break above 0.7050 in fresh selling interest beneath 0.7100.