Published: 2026-07-21T00:28:18.000Z
Chart AUD/USD Update: Back to pressure .7000/20 resistance
1
Edged higher in consolidation above .6950 but prices remain unable to sustain probes above the .7000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7120 | * | 61.8% May/Jun fall | S1 | 0.6950 | * | congestion | |
| R3 | 0.7100 | ** | congestion | S2 | 0.6912/00 | * | 14 Jul low, congestion | |
| R2 | 0.7070/80 | * | 50%, May low | S3 | 0.6865 | ** | Jun low | |
| R1 | 0.7020 | * | 38.2% May/Jun fall | S4 | 0.6833 | ** | Mar low |
Asterisk denotes strength of level
00:15 GMT - Edged higher in consolidation above .6950 but prices remain unable to sustain probes above the .7000 level. Just above here see resistance at the .7020 Fibonacci level and clearance here is needed to see room for stronger gains to retrace the May/June losses. Higher will open up room towards strong resistance at the .7080/.7100 area. Meanwhile, support remains at the .6950 congestion. Would take break here to return focus to the downside for retest of support at .6912/00 area. Below this will expose .6865 June low to retest and threaten further losses.