Published: 2026-03-27T14:48:27.000Z
Chart AUD/USD Update: Extending March losses
-
The anticipated break below 0.6900 has reached 0.6870
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7100 | break level | S1 | 0.6805 | ** | 50% ret of Nov-Mar rally | ||
| R3 | 0.7050 | * | congestion | S2 | 0.6715 | ** | 61.8% ret of Nov-Mar rally | |
| R2 | 0.7000 | * | congestion | S3 | 0.6700 | ** | congestion | |
| R1 | 0.6900 | * | break level | S4 | 0.6675 | * | range lows |
Asterisk denotes strength of level
14:30 GMT - The anticipated break below 0.6900 has reached 0.6870, where mixed intraday studies are prompting short-term reactions. Daily readings continue to point lower and broader weekly charts are falling, highlighting room for continuation of March losses. Focus is expected to turn to the 0.6805 Fibonacci retracement. Already oversold daily stochastics could limit any initial tests in consolidation, before prices continue lower. Meanwhile, a close back above 0.6900, if seen, will help to stabilise sentiment and prompt consolidation beneath congestion around 0.7000.