Published: 2026-07-30T00:27:55.000Z
Chart AUD/USD Update: Extend choppy trade around .6950
1
No follow-through on break of the .6950 support as prices staged rebound above the .6912/00 congestion area in volatile trade
| 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
00:20 GMT - No follow-through on break of the .6950 support as prices staged rebound above the .6912/00 congestion area in volatile trade. Daily studies remain mixed and suggest further choppy trade can be expected around .6950. Closed below here is needed to turn focus to the downside for retest of support at .6912/00 congestion area and .6865 June low. Meanwhile, resistance remains at the .7000/20 area. Would take break here to ease the downside pressure and further extend gains from the .6865 June low to retrace the May/June losses.