Published: 2026-08-14T13:36:52.000Z
Chart AUD/USD Update: Pushing higher
1
Cautious trade above congestion support at 0.7050 is giving way to a fresh bounce
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | congestion | S1 | 0.7050 | * | congestion | |
| R3 | 0.7277 | ** | 6 May YTD high | S2 | 0.7000 | * | congestion | |
| R2 | 0.7200 | ** | congestion | S3 | 0.6950 | congestion | ||
| R1 | 0.7100 | ** | congestion | S4 | 0.6900 | * | congestion |
Asterisk denotes strength of level
14:30 BST - Cautious trade above congestion support at 0.7050 is giving way to a fresh bounce, with focus turning back to congestion resistance at 0.7100. The daily Tension Indicator is flat, suggesting any immediate tests could give way to consolidation. However, rising daily stochastics and positive weekly charts point to room for a later break and extension of late-June gains towards 0.7200.
Meanwhile, support remains at congestion around 0.7050. A close beneath here, if seen, should be limited in renewed buying interest above further congestion around 0.7000.