Published: 2026-09-17T14:05:33.000Z
Chart AUD/USD Update: Consolidating losses - prices remain under pressure
1
The break below congestion support at 0.7100 has not been sustained
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7277 | ** | 6 May YTD high | S1 | 0.7100 | ** | congestion | |
| R3 | 0.7250 | * | congestion | S2 | 0.7050 | * | congestion | |
| R2 | 0.7200 | ** | congestion | S3 | 0.7000 | * | congestion | |
| R1 | 0.7150 | * | congestion | S4 | 0.6950 | * | break level |
Asterisk denotes strength of level
14:55 BST - The break below congestion support at 0.7100 has not been sustained, as rising intraday studies prompt a bounce from 0.7475 into cautious trade around 0.7115. Oversold daily stochastics are flattening, suggesting room for a minor test higher. But the bearish daily Tension Indicator and deteriorating weekly charts should limit scope in renewed selling interest towards congestion resistance at 0.7150.
In the coming sessions, fresh losses are looked for. A later close back below 0.7100 will add weight to sentiment and extend September losses towards further congestion around 0.7050.