Published: 2026-10-21T00:31:26.000Z
Chart AUD/USD Update: Extending gains
1
Pushing higher as prices extend bounce from the .6900 support to break the .7000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7100/05 | * | congestion, 61.8% | S1 | 0.6950 | * | congestion | |
| R3 | 0.7080 | ** | May low, congestion | S2 | 0.6900 | * | congestion, channel | |
| R2 | 0.7065 | * | 50% Sep/Oct fall | S3 | 0.6865 | ** | Jun low | |
| R1 | 0.7025 | * | 38.2% Sep/Oct fall | S4 | 0.6833 | ** | Mar low |
Asterisk denotes strength of level
00:20 GMT - Pushing higher as prices extend bounce from the .6900 support to break the .7000 level. Break here confirm a double bottom at the .6900 level and see room for further gains to retrace losses from the September high. Higher will see room to .7025 and .7065, Fibonacci retracement levels. Clearance of these will open up strong resistance at .7080/.7100 area. Meanwhile, support is raised to the .6950 congestion which should underpin. Failure here will expose the .6900 low to retest and threatens extension to retest the .6865 and .6833, June and March lows.