Published: 2026-10-28T14:59:06.000Z
Chart AUD/USD Update: Consolidating - daily studies rising
1
The anticipated test of congestion resistance is giving way to fresh consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.7000 | * | congestion | |
| R3 | 0.7140 | ** | 21 Sep (w) high | S2 | 0.6950 | * | break level | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | ** | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
14:40 GMT - The anticipated test of congestion resistance is giving way to fresh consolidation, as intraday studies remain mixed, with prices currently balanced around 0.7035. The daily Tension Indicator continues to rise, suggesting room for further gains in the coming sessions. A close above 0.7050 will help to improve sentiment and extend mid-October gains towards 0.7100. However, already overbought daily stochastics and mixed/negative weekly charts should limit any initial tests in fresh consolidation.
Meanwhile, support remains down to congestion around 0.7000 and should underpin any immediate setbacks.