Published: 2026-08-13T13:50:33.000Z
Chart AUD/USD Update: Consolidating gains
1
The push towards congestion resistance at 0.7100 has not been sustained
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | congestion | S1 | 0.7050 | * | congestion | |
| R3 | 0.7277 | ** | 6 May YTD high | S2 | 0.7000 | * | congestion | |
| R2 | 0.7200 | ** | congestion | S3 | 0.6950 | congestion | ||
| R1 | 0.7100 | ** | congestion | S4 | 0.6900 | * | congestion |
Asterisk denotes strength of level
14:40 BST - The push towards congestion resistance at 0.7100 has not been sustained, with prices falling sharply into consolidation above congestion support at 0.7050. The positive daily Tension Indicator is flattening, suggesting potential for a test below 0.7050. But positive daily stochastics and improving weekly charts should limit scope in renewed buying interest above further congestion around 0.7000.
Following cautious/corrective trade, fresh gains are looked for. However, a close above 0.7100 is needed to turn sentiment positive and extend late-June gains towards 0.7200.