Published: 2026-09-11T13:53:32.000Z
Chart AUD/USD Update: Consolidating - studies remain under pressure
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The test of congestion support at 0.7150 is giving way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | congestion | S1 | 0.7150 | * | congestion | |
| R3 | 0.7277 | ** | 6 May YTD high | S2 | 0.7100 | ** | congestion | |
| R2 | 0.7250 | * | congestion | S3 | 0.7050 | * | congestion | |
| R1 | 0.7200 | ** | congestion | S4 | 0.7000 | ** | congestion |
Asterisk denotes strength of level
14:30 BST - The test of congestion support at 0.7150 is giving way to consolidation, as oversold intraday studies unwind, with prices currently trading around 0.7175. Daily readings continue to track lower and overbought weekly stochastics are unwinding, highlighting room for fresh losses in the coming sessions. A beneath here will open up further congestion around 0.7100. But mixed/positive weekly charts should limit any initial tests in consolidation.
Meanwhile, a close above congestion resistance at 0.7200 will help to stabilise price action and give way to consolidation beneath congestion around 0.7250.