Published: 2026-08-19T13:31:18.000Z
Chart AUD/USD Update: Choppy trade - studies rising
1
The break below 0.7100 has bounced smartly from 0.7065
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | congestion | S1 | 0.7100 | ** | congestion | |
| R3 | 0.7277 | ** | 6 May YTD high | S2 | 0.7050 | * | congestion | |
| R2 | 0.7200 | ** | congestion | S3 | 0.7000 | * | congestion | |
| R1 | 0.7150 | * | congestion | S4 | 0.6950 | congestion |
Asterisk denotes strength of level
14:20 BST - The break below 0.7100 has bounced smartly from 0.7065, as oversold intraday studies unwind, with steady gains breaking back above 0.7100 to currently trade around 0.7115. Focus is on congestion resistance at 0.7150. But mixed daily readings could limit any initial tests in consolidation before positive weekly charts prompt a break and open up a test of 0.7200.
Meanwhile, any immediate retests below congestion support at 0.7100 should be limited in consolidation above further congestion around 0.7050.