Published: 2026-05-19T13:40:03.000Z
Chart AUD/USD Update: Under pressure
3
Cautious trade has given way to anticipated 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
14:15 BST - Cautious trade has given way to anticipated losses, as intraday studies turn down, with prices currently pressuring congestion support at 0.7100. Both daily and weekly charts are under pressure, highlighting room for further losses, with a break beneath here adding weight to sentiment and opening up further congestion around 0.7050. Still lower is 0.7000. Meanwhile, resistance remains at 0.7200, and should cap any immediate tests higher. A close above here, if seen, would help to stabilise price action once again and give way to consolidation beneath strong resistance at the 0.7280~ high of June 2022.