Published: 2026-10-01T08:08:46.000Z
Chart AUD/USD Update: Room for lower
2
Cautious trade has given way to anticipated losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7100 | ** | congestion | S1 | 0.6900 | ** | congestion | |
| R3 | 0.7050 | * | congestion | S2 | 0.6865 | ** | 30 Jun (m) low | |
| R2 | 0.7000 | * | congestion | S3 | 0.6850 | ** | 50% ret of Nov-May rally | |
| R1 | 0.6950 | * | break level | S4 | 0.6833 | ** | 30-31 Mar (m) low |
Asterisk denotes strength of level
09:00 BST - Cautious trade has given way to anticipated losses, with the break below 0.6950 currently balanced around 0.6940. Daily readings have turned down and broader weekly charts continue to fall, highlighting room for further losses in the coming sessions. Focus is turning to congestion around 0.6900. But already oversold daily stochastics should limit any immediate tests beneath here in short-covering/consolidation above the 0.6865 monthly low of 30 June, before further losses unfold.
Meanwhile, a close back above 0.6950 will help to stabilise price action and prompt consolidation beneath congestion resistance at 0.7000.