Published: 2026-08-07T00:33:16.000Z
Chart AUD/USD Update: Settled back in consolidation
3
No follow-through on break above .7050 congestion as prices retreat from the .7065 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7120 | * | 61.8% May/Jun fall | S1 | 0.7000 | * | figure, congestion | |
| R3 | 0.7100 | ** | congestion | S2 | 0.6950 | * | congestion | |
| R2 | 0.7080 | * | May low | S3 | 0.6922 | ** | 29 Jul low | |
| R1 | 0.7070 | * | 50% May/Jun fall | S4 | 0.6900 | * | congestion |
Asterisk denotes strength of level
00:20 GMT - No follow-through on break above .7050 congestion as prices retreat from the .7065 high. Pullback see support at the .7000/.6985 area which is expected to underpin with positive daily and weekly studies suggesting consolidation to give way to renewed buying interest later. Above .7065 will see room for extension to strong resistance at the .7080/.7100 congestion. Break of this area will be positive and turn focus to the .7200 congestion and .7278 May current year high.