Published: 2026-07-14T00:23:38.000Z
Chart AUD/USD Update: Leaning lower in consolidation
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Leaning lower in consolidation to extend pullback from the .6970 Friday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7050 | * | congestion | S1 | 0.6900 | * | congestion | |
| R3 | 0.7000 | ** | congestion | S2 | 0.6865 | ** | Jun low | |
| R2 | 0.6980 | * | 11 Jun low | S3 | 0.6833 | ** | Mar low | |
| R1 | 0.6950 | * | congestion | S4 | 0.6800 | * | congestion |
Asterisk denotes strength of level
00:10 GMT - Leaning lower in consolidation to extend pullback from the .6970 Friday's high with break of the wedge pattern suggesting room to support at .6950. Break here will return focus to the .6865 June low and see scope for break to extend losses from the May high. Lower will see room for extension to retest the .6833 March low then the .6800 figure. Meanwhile, resistance at .6950/70 congestion is expected to cap. Would take break here and strong resistance at the .6980/.7000 area to fade the downside pressure and see stronger recovery to retrace losses from the May high.