Published: 2026-11-05T14:42:54.000Z
Chart AUD/USD Update: Limited tests lower
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Cautious trade is giving way to a test below congestion support at 0.7000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.7000 | * | congestion | |
| R3 | 0.7140 | ** | 21 Sep (w) high | S2 | 0.6950 | * | break level | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | ** | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
14:20 GMT - Cautious trade is giving way to a test below congestion support at 0.7000, with prices currently trading around 0.7985. Daily readings are under pressure, highlighting room for continuation down to support at 0.6950. But positive weekly readings could limit any initial tests in fresh consolidation.
Meanwhile, resistance remains up to congestion around 0.7050 and should cap any immediate tests higher.