Published: 2026-08-12T00:20:30.000Z
Chart AUD/USD Update: Consolidating, but bullish bias intact
2
Little change, as prices extend consolidation within a narrow range beneath strong resistance at the .7080/.7100 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7150 | * | congestion | S1 | 0.7000 | * | figure, congestion | |
| R3 | 0.7120 | * | 61.8% May/Jun fall | S2 | 0.6950 | * | congestion | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6922 | ** | 29 Jul low | |
| R1 | 0.7080 | * | May low | S4 | 0.6900 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Little change, as prices extend consolidation within a narrow range beneath strong resistance at the .7080/.7100 area. Bullish prices action keep pressure on the upside and break here will see room to extend gains from the .6865 June low. Above .7100 will see room to .7120 Fibonacci retracement and .7150 congestion. Meanwhile, support remains at the .7022/.7000 Friday's low and congestion area which should underpin. Break will open up room for deeper corrective pullback within the bull channel from the June low and see room to .6950/22 support.