Published: 2026-08-28T13:41:04.000Z
Chart AUD/USD Update: Pressuring 0.7200 - studies remain positive
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Anticipated gains have reached congestion resistance at 0.7200
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | congestion | S1 | 0.7150 | * | congestion | |
| R3 | 0.7277 | ** | 6 May YTD high | S2 | 0.7100 | ** | congestion | |
| R2 | 0.7250 | * | congestion | S3 | 0.7050 | * | congestion | |
| R1 | 0.7200 | ** | congestion | S4 | 0.7000 | * | congestion |
Asterisk denotes strength of level
14:30 BST - Anticipated gains have reached congestion resistance at 0.7200, where unwinding overbought intraday studies are prompting fresh consolidation. Daily readings are positive and broader weekly charts are rising, highlighting room for a break and extension of late-June gains towards further congestion around 0.7250. However, already overbought daily stochastics should limit any initial tests in consolidation.
Meanwhile, a close back below congestion support at 0.7150, if seen, will turn sentiment neutral and prompt fresh consolidation above further congestion around 0.7100.