Published: 2026-09-10T13:06:41.000Z
Chart AUD/USD Update: Sharp pullback in USD-driven trade
1
Cautious trade has given way to a sharp USD-driven pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | congestion | S1 | 0.7150 | * | congestion | |
| R3 | 0.7277 | ** | 6 May YTD high | S2 | 0.7100 | ** | congestion | |
| R2 | 0.7250 | * | congestion | S3 | 0.7050 | * | congestion | |
| R1 | 0.7200 | ** | congestion | S4 | 0.7000 | ** | congestion |
Asterisk denotes strength of level
13:50 BST - Cautious trade has given way to a sharp USD-driven pullback, with the break below 0.7200 reaching 0.7155~. Intraday studies have turned down and daily readings are also coming under pressure, highlighting a deterioration in sentiment and room for deeper losses in the coming sessions. A break below congestion support at 0.7150 will open up further congestion around 0.7100. But mixed/positive weekly charts should limit any initial tests in consolidation.
Meanwhile, a close back above 0.7200 will help to stabilise price action and give way to consolidation beneath congestion around 0.7200.