Published: 2026-02-24T14:33:09.000Z
Chart AUD/USD Update: Lower in range
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Cautious trade is giving way to a drift lower
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7280~ | ** | June 2022 high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7200 | ** | 61.8% ret of 2021-2025 fall | S2 | 0.6900 | ** | break level | |
| R2 | 0.7147/55~ | ** | 12 Feb YTD high; Feb 2023 (y) high | S3 | 0.6800 | break level | ||
| R1 | 0.7100 | break level | S4 | 0.6700 | * | break level |
Asterisk denotes strength of level
14:25 GMT - Cautious trade is giving way to a drift lower, with negative intraday studies adding weight to short-term sentiment and opening up a test of congestion support at 0.7000. Daily readings are also bearish and overbought weekly stochastics are unwinding, suggesting room for still deeper losses in the coming sessions. A close below 0.7000 will add weight to sentiment and extend mid-February losses towards 0.6900. Already oversold daily stochastics could limit any initial tests in consolidation. Meanwhile, resistance remains at 0.7100 and should cap any immediate tests higher.