Published: 2026-06-04T13:42:54.000Z
Chart AUD/USD Update: Range trade
1
Cautious trade around 0.7150 has given way to further losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7500 | ** | historic congestion | S1 | 0.7100 | congestion | ||
| R3 | 0.7400 | ** | historic congestion | S2 | 0.7050 | * | congestion | |
| R2 | 0.7280~ | ** | June 2022 high | S3 | 0.7000 | * | congestion | |
| R1 | 0.7200 | ** | break level, 61.8% ret | S4 | 0.6900 | * | congestion |
Asterisk denotes strength of level
14:35 BST - Cautious trade around 0.7150 has given way to further losses, with prices reaching 0.7120 before bouncing back towards 0.7150. A tick higher in daily stochastics highlights room for a test above here. But the flat daily Tension Indicator and mixed weekly charts should limit any immediate break in renewed consolidation beneath strong resistance at 0.7200. Meanwhile, support remains at congestion around 0.7100. Any immediate tests beneath here should be limited in fresh consolidation above further congestion around 0.7050.