Weekly Chart AUD/USD: Extending gains

Shallow pullback from the .7200 level has given way to bounce from above strong support at the .7100/.7080 area to pressure the .7200 level. 

Break here see prices extending gains from the .6865 June swing low and return focus to the .7278 May current year high. Would expect reaction on retest of the latter but bullish gains from the April 2025 year low suggest scope for break later. Clearance will see further retracement of losses from the 2021 year high to target the .7400 level and .7510, 76.4% Fibonacci level. 

Meanwhile, support remains at the .7100/.7080 area which is expected to sustain gains from the June low. Would take break to delay bulls and see room for consolidation to support at the .7025/.7000 area.