Published: 2026-09-29T07:55:13.000Z
Chart AUD/USD Update: Extending September losses
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Cautious trade is giving way to anticipated losses
| 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
08:45 BST - Cautious trade is giving way to anticipated losses, as intraday studies turn down, with the break below 0.7000 opening up support at 0.6950. Daily readings are mixed/negative and broader weekly charts are bearish, highlighting room for a later break beneath here and continuation of September losses towards congestion support at 0.6900.
Meanwhile, a close back above congestion resistance at 0.7000 will help to stabilise price action and prompt fresh consolidation beneath further congestion around 0.7050.