Published: 2026-01-30T00:33:06.000Z
Chart AUD/USD Update: Consolidating beneath .7100 level
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Settled back in consolidation just beneath the .7100 level as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7205 | * | 50% 2021/2025 fall | S1 | 0.7000 | * | figure | |
| R3 | 0.7158 | ** | Feb 2023 year high | S2 | 0.6942 | * | 2024 year high | |
| R2 | 0.7100 | * | congestion | S3 | 0.6900 | ** | 23 Jan high, gap | |
| R1 | 0.7050 | * | congestion | S4 | 0.6850/00 | * | congestion |
Asterisk denotes strength of level
00:20 GMT - Settled back in consolidation just beneath the .7100 level as prices unwind overbought intraday studies. Daily studies are overbought as well and caution corrective pullback to retrace recent strong gains from the .6660, early-January lows. Support starts at the .7000 figure. Below this will open up room for deeper pullback in consolidation towards support at .6942/.6900, the 2024 year high and Friday's high and gap area. Would take break above the .7094 high and the .7100 level to further extend gains from the April low to 2023 year high at .7158 and .7205, 50% Fibonacci level.