Published: 2026-09-02T00:27:23.000Z
Chart AUD/USD Update: Room for further losses
1
Consolidation above .7150 support has given way to fresh selling pressure to extend rejection from the .7208 Friday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | * | congestion | S1 | 0.7100 | * | congestion | |
| R3 | 0.7278 | * | 6 May YTD high | S2 | 0.7080 | * | May low, 38.2% | |
| R2 | 0.7200/08 | ** | congestion, 28 Aug high | S3 | 0.7050 | * | congestion | |
| R1 | 0.7150 | * | congestion | S4 | 0.7025 | ** | 21 Jul high |
Asterisk denotes strength of level
00:20 GMT - Consolidation above .7150 support has given way to fresh selling pressure to extend rejection from the .7208 Friday's high. Daily and weekly studies have turned lower to unwind overbought readings and scope for further losses ahead to retrace rally from .6865 June low. Lower will see room to strong support at .7100./7080 support area and 38.2% Fibonacci level. Break here will see room to .7050/25 area. Meanwhile, resistance at the .7150 congestion and extending to .7180 high of Tuesday now expected to cap and sustain pullback from the .7208 high.