Published: 2026-03-26T14:34:18.000Z
Chart AUD/USD Update: Room for lower
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Cautious trade has given way to anticipated selling interest
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7155~ | ** | Feb 2023 (y) high | S1 | 0.6895/00 | ** | 38.2% ret; break level | |
| R3 | 0.7100 | break level | S2 | 0.6805 | ** | 50% ret of Nov-Mar rally | ||
| R2 | 0.7050 | * | congestion | S3 | 0.6715 | ** | 61.8% ret of Nov-Mar rally | |
| R1 | 0.7000 | * | congestion | S4 | 0.6700 | ** | congestion |
Asterisk denotes strength of level
14:30 GMT - Cautious trade has given way to anticipated selling interest, with prices reaching strong support at the 0.6895 Fibonacci retracement and the 0.6900 break level. Mixed intraday studies are prompting short-term consolidation above here. But daily readings negative and broader weekly charts are also bearish, highlighting room for a later break and extension of mid-March losses towards the 0.6805 retracement. Meanwhile, resistance remains at congestion around 0.7000. A close above here, if seen, would help to stabilise price action and prompt consolidation beneath further congestion around 0.7050.