Published: 2026-07-30T13:47:32.000Z
Chart AUD/USD Update: Sharp bounce in range
1
Cautious trade is giving way to a bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.6950 | congestion | ||
| R3 | 0.7100 | ** | congestion | S2 | 0.6900 | * | congestion | |
| R2 | 0.7050 | * | congestion | S3 | 0.6865 | ** | 30 Jun (m) low | |
| R1 | 0.7000 | * | congestion | S4 | 0.6850 | ** | 50% ret of Nov-May rally |
Asterisk denotes strength of level
14:35 BST - Cautious trade is giving way to a bounce, with steady buying interest currently pressuring congestion resistance at 0.7000. Rising intraday studies and a tick higher in bearish daily stochastics highlight room for a test above here. But the bearish daily Tension Indicator and mixed weekly charts should limit initial scope in consolidation beneath further congestion around 0.7050. Meanwhile, support remains at congestion around 0.6950. A close beneath here, not yet seen, would add weight to sentiment and open up a test of further congestion around 0.6900.