Published: 2026-07-27T13:18:13.000Z
Chart AUD/USD Update: Cautious trade
1
Cautious trade has given way to a retest of congestion resistance at 0.7000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.6950 | congestion | ||
| R3 | 0.7100 | ** | congestion | S2 | 0.6900 | * | congestion | |
| R2 | 0.7050 | * | congestion | S3 | 0.6850 | ** | 50% ret of Nov-May rally | |
| R1 | 0.7000 | * | congestion | S4 | 0.6833 | ** | 30 Mar (m) low |
Asterisk denotes strength of level
14:10 BST - Cautious trade has given way to a retest of congestion resistance at 0.7000, where fresh consolidation is appearing. Negative daily stochastics are flattening and the flat daily Tension Indicator is ticking higher, suggesting room for a test above here. However, mixed weekly charts should limit initial scope in renewed selling interest beneath further congestion around 0.7050. Meanwhile, support remains at congestion around 0.6950 and should underpin any immediate setbacks.