Published: 2026-06-11T14:16:13.000Z
Chart AUD/USD Update: Under pressure
2
Consolidation around 0.7000 is giving way to anticipated selling interest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | break level, 61.8% ret | S1 | 0.6900 | * | congestion | |
| R3 | 0.7100 | congestion | S2 | 0.6833 | ** | 30 Mar (m) low | ||
| R2 | 0.7050 | * | congestion | S3 | 0.6766 | * | 7 Jan (w) high | |
| R1 | 0.7000 | * | congestion | S4 | 0.6700 | * | congestion |
Asterisk denotes strength of level
15:00 BST - Consolidation around 0.7000 is giving way to anticipated selling interest, as intraday studies turn down, with prices currently trading around 0.6980. Daily readings are bearish and broader weekly charts are under pressure, highlighting room for still deeper losses in the coming sessions. A close beneath here will add weight to sentiment and extend early-May losses towards further congestion around 0.6900. Meanwhile, resistance is up to congestion around 0.7050 and should cap any immediate tests higher.