Published: 2026-09-15T00:33:03.000Z
Chart AUD/USD Update: Pressure remains on the downside
-
Consolidation at the .7150 support has given way to break to reach towards the .7100 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7278 | ** | 6 May YTD high | S1 | 0.7100 | ** | congestion | |
| R3 | 0.7238 | ** | 9 Sep high | S2 | 0.7080 | * | May low | |
| R2 | 0.7200 | * | congestion | S3 | 0.7050 | ** | congestion, 50% | |
| R1 | 0.7150 | * | congestion | S4 | 0.7005/00 | * | 61.8%, congestion |
Asterisk denotes strength of level
00:25 GMT - Consolidation at the .7150 support has given way to break to reach towards the .7100 level. Consolidation at the .7108 low expected to give way to fresh selling pressure to extend rejection from the .7238 high of last week. Negative daily studies keep pressure on the downside and suggest scope to strong support at .7100/.7088 congestion and May low. Would expect reaction here but break here cannot be ruled out. Below here will open up room for deeper pullback to retrace rally from the .6865 June low. Meanwhile, resistance at the .7150 level is expected to cap and sustain losses from .7238 high.