Published: 2026-07-24T00:20:27.000Z
Chart AUD/USD Update: Leaning lower from .7000/20 resistance
1
Consolidation at the .7000 level has given way to pullback to retest support at .7060/50 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7120 | * | 61.8% May/Jun fall | S1 | 0.6950 | * | congestion | |
| R3 | 0.7100 | ** | congestion | S2 | 0.6912/00 | * | 14 Jul low, congestion | |
| R2 | 0.7070/80 | * | 50%, May low | S3 | 0.6865 | ** | Jun low | |
| R1 | 0.7000/20 | * | congestion, 38.2% | S4 | 0.6833 | ** | Mar low |
Asterisk denotes strength of level
00:15 GMT - Consolidation at the .7000 level has given way to pullback to retest support at .7060/50 congestion. Daily studies have turn down from overbought areas and threaten break here to open up room to retrace gains from the June low towards support at the .6912/00 area. Below this will expose .6865 June low to retest and threaten further losses to retrace the broader gains from the April 2025 low. Meanwhile, resistance at the .7000/20 congestion and Fibonacci level now expected to cap. Break here is needed to fade the downside pressire and give way to stronger gains to retrace the May/June losses.