Published: 2026-09-18T00:28:40.000Z
Chart AUD/USD Update: Range-bound in consolidation, room for lower later
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Turned up in range from the .7100/.7080 support as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7278 | ** | 6 May YTD high | S1 | 0.7100 | * | congestion | |
| R3 | 0.7238 | ** | 9 Sep high | S2 | 0.7080 | * | May low | |
| R2 | 0.7200 | * | congestion | S3 | 0.7050 | ** | congestion, 50% | |
| R1 | 0.7150 | * | congestion | S4 | 0.7005/00 | ** | 61.8%, congestion |
Asterisk denotes strength of level
00:20 GMT - Turned up in range from the .7100/.7080 support as prices unwind oversold intraday studies. Daily studies are stretched as well and suggest scope for bounce but gains are likely to prove limited and give way to fresh selling pressure later. Lower will further retrace the June/September rally and see room to the .7050 ccongestion and 50% Fibonacci level. Lower still, if seen will see scope to strong support at .7005/00 area. Meanwhile, resistance is raised to .7150 level which is expected to cap. Clearance here will revive upside focus and open up room for retest of .7200 then .7238 high.