Published: 2026-07-29T13:54:31.000Z
Chart AUD/USD Update: Leaning lower
1
Cautious trade is giving way to a drift lower
| 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 drift lower, as intraday studies turn down, with prices currently pressuring congestion support at 0.6950. Daily readings are also under pressure and broader weekly charts are turning down, highlighting room for deeper losses in the coming sessions. A break will open up further congestion around 0.6900. However, a close below the 0.6865 monthly low of 30 June is needed to turn sentiment negative and confirm continuation of May losses. Meanwhile, resistance remains at congestion around 0.7000 and should cap any immediate tests higher.