Published: 2026-07-13T00:17:01.000Z
Chart AUD/USD Update: Room for higher in consolidation
1
Still probing the upside but gains remains limited above .6950
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7050 | * | congestion | S1 | 0.6900 | * | congestion | |
| R3 | 0.7000 | ** | congestion | S2 | 0.6865 | ** | Jun low | |
| R2 | 0.6980 | * | 11 Jun low | S3 | 0.6833 | ** | Mar low | |
| R1 | 0.6950 | * | congestion | S4 | 0.6800 | * | congestion |
Asterisk denotes strength of level
00:10 GMT - Still probing the upside but gains remains limited above .6950. Gains remains corrective from the .6865 June low with choppy trade tracing out a wedge pattern and suggesting this giving way to break lower later to further extend losses from the May high. Lower will see room for retest of the .6833 March low and the .6800 figure. Meanwhile, close above .6950 congestion will see room for bounce to strong resistance at the .6980/.7000 area which is expected to cap. Would take break here to fade the downside pressure and turn focus higher to retrace the May/June losses.