Published: 2026-08-21T00:25:25.000Z
Chart AUD/USD Update: Steady above .7100 level
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Break above the .7100 level has seen gains checked at the .7129/32 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7278 | ** | 6 May YTD high | S1 | 0.7100 | * | congestion | |
| R3 | 0.7200 | ** | congestion | S2 | 0.7050 | * | congestion | |
| R2 | 0.7150 | * | congestion | S3 | 0.7025 | ** | 21 Jul high | |
| R1 | 0.7132 | * | 20 Aug high | S4 | 0.7000 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Break above the .7100 level has seen gains checked at the .7129/32 highs. Consolidation here seen giving way to further gains later to extend bullish gains from the .6865, late-June low. Clearance will target the .7150 congestion. Higher still, will turn see room to the .7200 level where reaction can be expected as daily and weekly studies extend into overbought areas. A later clearance here will see potential to retest .7278 May current year high. Meanwhile, support remains at the .7100 level. Below here will ease the upside pressure and see room for consolidation back to the .7050/25 support.