Published: 2026-06-10T13:59:38.000Z
Chart AUD/USD Update: Leaning lower
2
Cautious trade has reached congestion support at 0.7000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7280~ | ** | June 2022 high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7200 | ** | break level, 61.8% ret | S2 | 0.6900 | * | congestion | |
| R2 | 0.7100 | congestion | S3 | 0.6833 | ** | 30 Mar (m) low | ||
| R1 | 0.7050 | * | congestion | S4 | 0.6766 | * | 7 Jan (w) high |
Asterisk denotes strength of level
14:50 BST - Cautious trade has reached congestion support at 0.7000, where mixed intraday studies are prompting fresh consolidation. Daily readings continue to track lower and broader weekly charts are under pressure, highlighting room for still deeper losses in the coming sessions. A close beneath here will add weight to sentiment and extend early-May losses towards further congestion around 0.6900. Meanwhile, a close back above congestion resistance at 0.7050 would help to stabilise price action and prompt consolidation beneath further congestion around 0.7100.