Published: 2026-08-11T00:28:04.000Z
Chart AUD/USD Update: Consolidating below .7080/.7100 resistance
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Little change, as prices stays in consolidation just below 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
00:20 GMT - Little change, as prices stays in consolidation just below strong resistance at the .7080/.7100 area. However, ranging action below the .7078 high of last week is expected to give way to break higher to extend gains from the .6865 June low. Above .7100 level will see room to .7120 Fibonacci retracement and .7150 congestion, but potential will be for extension to the .7200/.7278 highs. Meanwhile, support remains at the .7022/.7000 Friday's low and congestion area which should underpin and sustain recent gains from .6922 low of 29 July.