Published: 2026-09-28T07:49:36.000Z
Chart AUD/USD Update: Cautious trade - studies remain under pressure
1
Little change, as prices extend cautious trade above congestion support at 0.7000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.7000 | * | congestion | |
| R3 | 0.7150 | * | congestion | S2 | 0.6950 | * | break level | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | ** | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
08:45 BST - Little change, as prices extend cautious trade above congestion support at 0.7000. Daily stochastics are flat in oversold areas, suggesting room for further cautious trade, before the bearish daily Tension Indicator and negative weekly charts prompt fresh losses. A later close beneath here will add weight to price action and extend September losses initially towards 0.6950.
Meanwhile, resistance remains at congestion around 0.7050. A close back above here, if seen, would help to stabilise sentiment and prompt consolidation beneath 0.7100.