Published: 2026-07-22T00:29:09.000Z
Chart AUD/USD Update: Limited gains
1
Still pressuring the upside but gains kept in check at the .7000/20 congestion and Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7120 | * | 61.8% May/Jun fall | S1 | 0.6950 | * | congestion | |
| R3 | 0.7100 | ** | congestion | S2 | 0.6912/00 | * | 14 Jul low, congestion | |
| R2 | 0.7070/80 | * | 50%, May low | S3 | 0.6865 | ** | Jun low | |
| R1 | 0.7020 | * | 38.2% May/Jun fall | S4 | 0.6833 | ** | Mar low |
Asterisk denotes strength of level
00:20 GMT - Still pressuring the upside but gains kept in check at the .7000/20 congestion and Fibonacci level. Bullish structure from the .6865 low suggest scope for further to retrace the May/June losses. Higher will see room to .7050 congestion then the strong resistance at the .7080/.7100 area. Meanwhile, support remains at the .6950 congestion. Break here will fade the upside pressure and open up room for deeper pullback to the .6912/00 area. Below this will expose .6865 June low to retest and threaten further losses.