Published: 2026-10-13T00:29:12.000Z
Chart AUD/USD Update: Leaning lower in consolidation
1
Lower in consolidation within the .7000/.6950 area following rejection from the .6995 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7100 | ** | congestion | S1 | 0.6950 | * | congestion | |
| R3 | 0.7080 | * | May low | S2 | 0.6900 | ** | congestion, channel | |
| R2 | 0.7050 | * | congestion | S3 | 0.6865 | ** | Jun low | |
| R1 | 0.7000 | * | congestion | S4 | 0.6833 | ** | Mar low |
Asterisk denotes strength of level
00:20 GMT - Lower in consolidation within the .7000/.6950 area following rejection from the .6995 high. Break of the .6950 support will open up room for retest of the .6933 low of last week and threatens follow-through back to the .6900 level and channel support. Break of the latter, if seen, will extend the September losses to retest the critical .6865/.6833, June and March lows. Meanwhile, resistance remains at the .7000 level. Would take break here to open up room for stronger gains to retrace losses from the September high towards the .7050 congestion and .7080, May low.