Published: 2026-08-07T12:09:20.000Z
Chart AUD/USD Update: Cautious trade
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Little change, as mixed intraday studies keep near-term sentiment cautious
| 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
13:00 BST - Little change, as mixed intraday studies keep near-term sentiment cautious prompt consolidation beneath congestion resistance at 0.7050. Positive daily readings are fading, as overbought daily stochastics unwind and the rising daily Tension Indicator flattens, suggesting any immediate retests of 0.7050 could be limited in consolidation. However, positive weekly charts point to room for a later break and extension of late-June gains towards 0.7100. Meanwhile, support remains at congestion around 0.7000. A test beneath here, if seen, should be limited in renewed buying interest/consolidation above 0.6950.