Published: 2026-08-05T13:15:20.000Z
Chart AUD/USD Update: Room for a minor test higher
1
The anticipated retest of congestion resistance at 0.7050 is giving way to consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7277 | ** | 6 May YTD high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7200 | ** | congestion | S2 | 0.6950 | congestion | ||
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | * | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
13:50 BST - The anticipated retest of congestion resistance at 0.7050 is giving way to consolidation, as flat overbought intraday studies and flat daily stochastics keep near-term sentiment cautious. The daily Tension Indicator is ticking higher, highlighting room for a break above here. But mixed weekly charts should limit initial scope in renewed consolidation beneath further congestion around 0.7100. Meanwhile, support remains at congestion around 0.7000. Any immediate tests beneath here should give way to consolidation above congestion support at 0.6950.