Published: 2026-09-16T00:20:17.000Z
Chart AUD/USD Update: Range-bound, but still heavy
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Little change, as prices stays range-bound above the .7108 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7278 | ** | 6 May YTD high | S1 | 0.7100 | ** | congestion | |
| R3 | 0.7238 | ** | 9 Sep high | S2 | 0.7080 | * | May low | |
| R2 | 0.7200 | * | congestion | S3 | 0.7050 | ** | congestion, 50% | |
| R1 | 0.7150 | * | congestion | S4 | 0.7005/00 | * | 61.8%, congestion |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices stays range-bound above the .7108 low. However, bearish momentum from the .7238 high of last week suggest consolidation giving way to break lower later and see deeper pullback to retrace gains from the June low. Nearby see strong support at the .7100/.7080 area and close below here will open up room for deeper pullback to support at the .7050 congestion and 50% Fibonacci level. Meanwhile, resistance at the .7150 level is expected to cap. Regaining this will ease the downside pressure and open up room for stronger bounce towards the .7200 level.