Published: 2026-03-19T15:11:13.000Z
Chart AUD/USD Update: Choppy in range - background studies under pressure
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Cautious trade has given way to a break below 0.7050 to 0.7000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | 61.8% ret of 2021-2025 fall | S1 | 0.7050 | * | congestion | |
| R3 | 0.7185~ | * | 11 Mar YTD high | S2 | 0.7000 | * | congestion | |
| R2 | 0.7155~ | ** | Feb 2023 (y) high | S3 | 0.6945 | ** | 3 Mar (w) low | |
| R1 | 0.7100 | break level | S4 | 0.6900 | ** | break level |
Asterisk denotes strength of level
15:00 GMT - Cautious trade has given way to a break below 0.7050 to 0.7000, where renewed buying interest is prompting a bounce back above 0.7050. However, daily readings are mixed/negative and broader weekly charts are negative, highlighting room for further losses in the coming sessions. Support remains within the 0.7000/50 range. But a close below the 0.6945 weekly low of 3 March is needed to turn sentiment negative and confirm a deeper correction, as focus then turns to 0.6900. Meanwhile, resistance is up to 0.7100 and should cap any immediate tests higher.