Published: 2026-06-15T14:16:39.000Z
Chart AUD/USD Update: Limited tests higher
1
Consolidation beneath 0.7050 has given way to the anticipated break higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | historic congestion | S1 | 0.7050 | * | congestion | |
| R3 | 0.7280 | ** | June 2022 (m) high | S2 | 0.7000 | * | congestion | |
| R2 | 0.7200 | ** | break level, 61.8% ret | S3 | 0.6900 | * | congestion | |
| R1 | 0.7100 | congestion | S4 | 0.6833 | ** | 30 Mar (m) low |
Asterisk denotes strength of level
14:55 BST - Consolidation beneath 0.7050 has given way to the anticipated break higher, with prices currently balanced around 0.7075. Oversold daily stochastics are unwinding and the bearish daily Tension Indicator is flat, highlighting potential for continuation towards congestion resistance at 0.7100. But negative weekly charts should limit any further gains in consolidation beneath strong resistance at 0.7200. Meanwhile, support is raised to 0.7050. However, a close below 0.7000 is needed to turn sentiment negative and extend early-May losses towards further congestion around 0.6900.