Published: 2026-02-20T14:27:22.000Z
Chart AUD/USD Update: Choppy in range - daily studies under pressure
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The minor drift lower has bounced from 0.7015
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7280~ | ** | June 2022 high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7200 | ** | 61.8% ret of 2021-2025 fall | S2 | 0.6900 | ** | break level | |
| R2 | 0.7147/55~ | ** | 12 Feb YTD high; Feb 2023 (y) high | S3 | 0.6800 | break level | ||
| R1 | 0.7100 | break level | S4 | 0.6700 | * | break level |
Asterisk denotes strength of level
14:20 GMT - The minor drift lower has bounced from 0.7015, as intraday studies flatten, with prices currently balanced in cautious trade around 0.7045. Daily readings continue to track lower and overbought weekly stochastics are unwinding, highlighting room for fresh losses in the coming sessions. A close below congestion support at 0.7000 will add weight to sentiment and extend February losses towards support at 0.6900. Meanwhile, resistance remains at the 0.7100 break level, and should cap any immediate tests higher.