Published: 2026-06-18T00:23:15.000Z
Chart AUD/USD Update: Consolidating retest of .7000, scope for break
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Consolidation below resistance at the .7080./7100 has given way to renewed selling pressure to retest the .7000 figure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | 29 May high, congestion | S1 | 0.7000 | * | congestion | |
| R3 | 0.7150 | * | congestion | S2 | 0.6980 | ** | 11 Jun low | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6950 | * | congestion | |
| R1 | 0.7080 | * | May low | S4 | 0.6900 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Consolidation below resistance at the .7080./7100 has given way to renewed selling pressure to retest the .7000 figure. Break here will expose the .6980 low of last week to retest and see scope to extend losses from .7278 May current year high to retrace the March/May rally. Lower will see room for extension to .6950 congestion then the .6900 level. Below these will see potential for retest of the .6833 May low. Meanwhile resistance at the .7080/.7100 area now expected to cap.