Published: 2026-06-29T00:19:33.000Z
Chart AUD/USD Update: Consolidating, but still heavy
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Still heavy, though bearish momentum slows as prices extend into oversold areas on the daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7080/00 | ** | May low, congestion | S1 | 0.6875 | * | 26 Jun low | |
| R3 | 0.7050 | * | congestion | S2 | 0.6858 | * | 200-day MA | |
| R2 | 0.7000 | ** | congestion | S3 | 0.6833 | ** | Mar low | |
| R1 | 0.6927/50 | * | 25 Jun high, congestion | S4 | 0.6755 | * | 38.2% 2025/2026 rally |
Asterisk denotes strength of level
00:15 GMT - Still heavy, though bearish momentum slows as prices extend into oversold areas on the daily studies. However, further losses cannot be ruled out and lower and lower will see scope for retest of the .6833 March low where reaction can be expected. Meanwhile, resistance is lowered to the .6927/50 area. Above here will open up room for stronger bounce to strong resistance at the .6980/.7000 congestion area. Would need to regain this to fade the downside pressure and sets up scope for stronger recovery.