Published: 2026-10-21T13:28:25.000Z
Chart AUD/USD Update: Extending gains, but studies becoming overstretched
1
Anticipated gains have reached 0.7035
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.7000 | * | congestion | |
| R3 | 0.7140 | ** | 21 Sep (w) high | S2 | 0.6950 | * | break level | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | ** | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
14:25 BST - Anticipated gains have reached 0.7035, where unwinding overbought intraday studies are prompting short-term reactions. The daily Tension Indicator continues to rise, suggesting room for a test of congestion resistance at 0.7050. But already overbought daily stochastics and mixed weekly charts should limit any initial tests in fresh selling interest.
Meanwihle, support is raised to congestion around 0.7000. A close beneath here, if seen, would help to stabilise price action and prompt range extension/consolidation above 0.6950.