Published: 2026-06-12T13:49:01.000Z
Chart AUD/USD Update: Gains to remain limited
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The break below 0.7000 to 0.6980 has given way to a sharp bounce to congestion resistance at 0.7050
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7280 | ** | June 2022 (m) high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7200 | ** | break level, 61.8% ret | S2 | 0.6900 | * | congestion | |
| R2 | 0.7100 | congestion | S3 | 0.6833 | ** | 30 Mar (m) low | ||
| R1 | 0.7050 | * | congestion | S4 | 0.6766 | * | 7 Jan (w) high |
Asterisk denotes strength of level
14:35 BST - The break below 0.7000 to 0.6980 has given way to a sharp bounce to congestion resistance at 0.7050, where fresh consolidation is developing. Oversold daily stochastics are unwinding, highlighting potential for a test above here. But the bearish daily Tension Indicator and negative weekly charts should limit scope in renewed selling interest towards further congestion around 0.7100. Following cautious trade, fresh losses are looked for. However, a close below 0.7000 is needed to turn sentiment negative and extend early-May losses towards further congestion around 0.6900.