Published: 2026-07-29T00:25:03.000Z
Chart AUD/USD Update: Leaning lower in choppy trade
1
Little change, as prices extend choppy trade below resistance at the .7000/20 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7120 | * | 61.8% May/Jun fall | S1 | 0.6950 | * | congestion | |
| R3 | 0.7100 | ** | congestion | S2 | 0.6912/00 | * | 14 Jul low, congestion | |
| R2 | 0.7070/80 | * | 50%, May low | S3 | 0.6865 | ** | Jun low | |
| R1 | 0.7000/20 | * | congestion, 38.2% | S4 | 0.6833 | ** | Mar low |
Asterisk denotes strength of level
00:15 GMT - Little change, as prices extend choppy trade below resistance at the .7000/20 area. Daily studies remains mixed and suggest further ranging action likely to extend though recent wicks above the .7000 level see prices leaning lower to pressure the downside. Would take break of support at the .6950 congestion to return focus to the downside for retest of support at .6912/00 congestion area and .6865 June low. Meanwhile break above the .7000/20 area is needed to open up room for stronger gains to retrace the May/June losses and see room to strong resistance at the .7070/.7100 area.