Published: 2026-03-30T13:46:30.000Z
Chart AUD/USD Update: Room for lower
1
Cautious trade around 0.6870 is giving way to fresh selling interest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7100 | break level | S1 | 0.6805 | ** | 50% ret of Nov-Mar rally | ||
| R3 | 0.7050 | * | congestion | S2 | 0.6715 | ** | 61.8% ret of Nov-Mar rally | |
| R2 | 0.7000 | * | congestion | S3 | 0.6700 | ** | congestion | |
| R1 | 0.6900 | * | break level | S4 | 0.6675 | * | range lows |
Asterisk denotes strength of level
14:30 BST - Cautious trade around 0.6870 is giving way to fresh selling interest, with prices currently trading around 0.6845. Daily readings continue to point lower and broader weekly charts are falling, highlighting room for continuation of March losses towards support at the 0.6805 Fibonacci retracement. Flattening oversold daily stochastics could limit any initial tests in consolidation, before prices continue lower. Meanwhile, resistance remains at 0.6900. A close back above here, if seen, will help to stabilise sentiment and prompt consolidation beneath congestion around 0.7000.