Published: 2026-07-31T14:02:13.000Z
Chart AUD/USD Update: Leaning lower
1
The anticipated break above 0.7000 is meeting selling interest beneath congestion resistance at 0.7050
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7277 | ** | 6 May YTD high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7200 | ** | congestion | S2 | 0.6950 | congestion | ||
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | * | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
14:45 BST - The anticipated break above 0.7000 is meeting selling interest beneath congestion resistance at 0.7050, as overbought intraday studies unwind, with focus turning back towards 0.7000. A break cannot be ruled out. But improving daily readings should limit scope in fresh consolidation/range extension above 0.6950. Meanwhile, a close above 0.7050 is needed to improve sentiment and extend late-June gains towards congestion resistance at 0.7100.