Published: 2026-02-11T09:44:07.000Z
Chart AUD/USD Update: Room for higher
3
Cautious trade is giving way to a break above 0.7100
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7280~ | ** | June 2022 high | S1 | 0.7050 | break level | ||
| R3 | 0.7200 | ** | 61.8% ret of 2021-2025 fall | S2 | 0.7000 | * | congestion | |
| R2 | 0.7155~ | ** | February 2023 (y) high | S3 | 0.6900 | ** | break level | |
| R1 | 0.7100 | break level | S4 | 0.6800 | ** | break level |
Asterisk denotes strength of level
09:30 GMT - Cautious trade is giving way to a break above 0.7100, with prices posting a fresh 2026 year high around 0.7128, before settling into consolidation around 0.7115. Intraday studies are improving and daily readings are mixed/positive, highlighting room for further strength in the coming sessions. Resistance is at the 0.7155~ year high of February 2023. But flat overbought weekly stochastics are expected to limit any initial break beyond here in profit-taking/consolidation beneath the 0.7200 Fibonacci retracement. Meanwhile, support remains at 0.7050 and extends to congestion around 0.7000. This range should underpin any immediate setbacks.