Published: 2026-05-26T13:39:41.000Z
Chart AUD/USD Update: Gains to remain limited
1
The retest of congestion support at 0.7100 has given way to a drift higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7500 | ** | historic congestion | S1 | 0.7100 | congestion | ||
| R3 | 0.7400 | ** | historic congestion | S2 | 0.7050 | * | congestion | |
| R2 | 0.7280~ | ** | June 2022 high | S3 | 0.7000 | * | congestion | |
| R1 | 0.7200 | ** | break level, 61.8% ret | S4 | 0.6900 | * | congestion |
Asterisk denotes strength of level
14:25 BST - The retest of congestion support at 0.7100 has given way to a drift higher, with prices currently balanced in fresh consolidation around 0.7170. Oversold daily stochastics are unwinding and the negative daily Tension Indicator is flattening, suggesting room for a test of strong resistance at 0.7200. But negative weekly charts should limit any break in renewed selling interest beneath critical resistance at 0.7280~. Meanwhile, support remains down to 0.7100 and should underpin any immediate setbacks.