Published: 2026-03-04T14:50:52.000Z
Chart AUD/USD Update: Consolidating - studies under pressure
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The bounce from the 0.6945 low of 3 March is giving way to consolidation around congestion resistance at 0.7050
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7210 | ** | 61.8% ret of 2021-2025 fall | S1 | 0.7000 | * | congestion | |
| R3 | 0.7147/55~ | ** | 12 Feb YTD high; Feb 2023 (y) high | S2 | 0.6945 | 3 Mar low | ||
| R2 | 0.7100 | break level | S3 | 0.6900 | ** | break level | ||
| R1 | 0.7050 | * | congestion | S4 | 0.6870 | * | 38.2% ret of Nov-Feb rally |
Asterisk denotes strength of level
14:40 GMT - The bounce from the 0.6945 low of 3 March is giving way to consolidation around congestion resistance at 0.7050. Rising intraday studies highlight room for a test above here. But negative daily readings and deteriorating weekly charts should limit scope in renewed selling interest beneath 0.7100. Following cautious/corrective trade, fresh losses are looked for. A later close below congestion support at 0.7000 will complete a distribution top beneath the 0.7147 current year high of 12 February, as focus then turns to 0.6945, ahead of 0.6900.