Published: 2026-04-07T13:58:17.000Z
Chart AUD/USD Update: Room for a minor test higher
1
The anticipated break above 0.6900 has met selling interest beneath the 0.6960 weekly high of 1 April
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7100 | congestion | S1 | 0.6900 | * | break level | ||
| R3 | 0.7050 | * | congestion | S2 | 0.6833 | ** | 30 Mar (m) low | |
| R2 | 0.7000 | * | congestion | S3 | 0.6805 | ** | 50% ret of Nov-Mar rally | |
| R1 | 0.6960 | * | 1 Apr (w) high | S4 | 0.6715 | ** | 61.8% ret of Nov-Mar rally |
Asterisk denotes strength of level
14:50 BST - The anticipated break above 0.6900 has met selling interest beneath the 0.6960 weekly high of 1 April, with mixed intraday studies prompting consolidation around 0.6935. Daily readings have ticked higher, highlighting room for a later test of 0.6960. But negative weekly charts should limit any break in renewed selling interest towards congestion around 0.7000. Meanwhile, support is raised to 0.6900. But a close below the 0.6833 monthly low of 30 March is needed to turn sentiment negative and extend March losses, initially to the 0.6805 Fibonacci retracement.