Published: 2026-09-03T14:11:01.000Z
Chart AUD/USD Update: Pushing higher once again
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Cautious trade has given way to a fresh bounce to congestion resistance around 0.7200
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | congestion | S1 | 0.7150 | * | congestion | |
| R3 | 0.7277 | ** | 6 May YTD high | S2 | 0.7100 | ** | congestion | |
| R2 | 0.7250 | * | congestion | S3 | 0.7050 | * | congestion | |
| R1 | 0.7200 | ** | congestion | S4 | 0.7000 | * | congestion |
Asterisk denotes strength of level
14:55 BST - Cautious trade has given way to a fresh bounce to congestion resistance around 0.7200, where overbought intraday studies are prompting fresh consolidation. Daily studies are mixed, pointing to room for fresh range trade in the coming sessions. But broader weekly charts continue to rise, suggesting a later break and continuation of late-June gains towards critical resistance within the 0.7250 - 0.7277 range.
Meanwhile, support remains at congestion around 0.7150. A close beneath here, if seen, will add weight to sentiment and open up a test of further congestion around 0.7100.