Published: 2026-03-24T00:30:44.000Z
Chart AUD/USD Update: Consolidating spike to .6910 low
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Volatile trade has seen spike to .6910 low ahead of rebound to consolidate at the .7000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7188 | ** | 11 Mar YTD high | S1 | 0.6945 | * | 3 Mar low | |
| R3 | 0.7147 | * | Feb high | S2 | 0.6910/00 | ** | 23 Mar, Feb lows | |
| R2 | 0.7100 | * | congestion | S3 | 0.6895 | * | 38.2% Nov/Mar rally | |
| R1 | 0.7050 | * | congestion | S4 | 0.6805/00 | * | 50%, congestion |
Asterisk denotes strength of level
00:20 GMT - Volatile trade has seen spike to .6910 low ahead of rebound to consolidate at the .7000 level. Further choppy trade can be expected with bias to the downside and retest of the .6910 low and .6900/.6895, support and 38.2% Fibonacci level cannot be ruled out. Meanwhile, resistance remains at the .7050/.7100 congestion which is expected to cap. Would need to regain this to fade the downside pressure and open up the .7147 and .7188 highs to retest.