Published: 2026-10-19T13:28:37.000Z
Chart AUD/USD Update: Limited tests higher
1
Cautious trade has given way to a fresh push higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7140 | ** | 21 Sep (w) high | S1 | 0.6950 | * | break level | |
| R3 | 0.7100 | ** | congestion | S2 | 0.6900 | ** | congestion | |
| R2 | 0.7050 | * | congestion | S3 | 0.6865 | ** | 30 Jun (m) low | |
| R1 | 0.7000 | * | congestion | S4 | 0.6850 | ** | 50% ret of Nov-May rally |
Asterisk denotes strength of level
14:20 BST - Cautious trade has given way to a fresh push higher, with the break above 0.6950 opening up a test of congestion resistance at 0.7000. Daily readings have turned mixed/positive, suggesting room for a test above here. But mixed/negative weekly charts should limit scope in fresh consolidation beneath further congestion around 0.7050.
Meanwhile, support is raised to 0.6950. But any immediate tests beneath here should give way to consolidation above congestion around 0.6900.