Published: 2026-07-24T13:23:25.000Z
Chart AUD/USD Update: Consolidating - studies under pressure
2
Little change, as prices extend cautious trade within the 0.6950 - 0.7000 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.6950 | congestion | ||
| R3 | 0.7100 | ** | congestion | S2 | 0.6900 | * | congestion | |
| R2 | 0.7050 | * | congestion | S3 | 0.6850 | ** | 50% ret of Nov-May rally | |
| R1 | 0.7000 | * | congestion | S4 | 0.6833 | ** | 30 Mar (m) low |
Asterisk denotes strength of level
14:20 BST - Little change, as prices extend cautious trade within the 0.6950 - 0.7000 range. Overbought daily stochastics are unwinding and the positive daily Tension Indicator is flattening, suggesting room for tests lower in the coming sessions. A break below congestion support at 0.6950 will open up further congestion around 0.6900. But mixed weekly charts should limit any initial tests in consolidation. Meanwhile, a close above congestion resistance at 0.7000 would provide further stability and prompt consolidation beneath 0.7050.