Published: 2026-03-16T00:37:34.000Z
Chart AUD/USD Update: Consolidating, room for lower
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Edged up from the .6980 low as prices consolidate losses from the .7188 current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7188 | ** | 11 Mar YTD high | S1 | 0.6980 | 13 Mar low | ||
| R3 | 0.7147 | ** | Feb high | S2 | 0.6945 | ** | 3 Mar low | |
| R2 | 0.7100 | * | congestion | S3 | 0.6900 | ** | Feb low, congestion | |
| R1 | 0.7050 | congestion | S4 | 0.6895 | * | 38.2% Nov/Mar rally |
Asterisk denotes strength of level
00:20 GMT - Edged up from the .6980 low as prices consolidate losses from the .7188 current year high. Negative daily and weekly studies suggest consolidation giving way to renewed selling pressure later and lower will see room to retest support at the .6945, 3 March low. Below the latter will see room for deeper pullback to retrace gains from the November low to the .6900 level and .6895, 38.2% Fibonacci level. Meanwhile, resistance is lowered to the .7050/.7100 congestion area which is expected to cap and sustain pullback from .7188 high.