Weekly Chart AUD/USD: Room to extend September losses

Has seen bounce at the .6900 level and channel support from the March low as prices consolidate losses from the September high. Shallow bounce keeps pressure on the downside and threatens retest of the .6900 support.

Break of the latter will open up room for retest of critical support at .6865/.6833, June and March lows. Would expect reaction at this area as failure here will confirm a eight-month top pattern at the .7278 May current year high and open up room for deeper pullback to retrace gains from the April 2025 year low. Lower will see room to the .6800 congestion and .6755, 38.2% Fibonacci retracement.   

Meanwhile, resistance is at the .7000 congestion. Would take break here to see room to strong resistance at the .7080/.7100 previous support area. Would need to regain this to fade the downside pressure and open up room for retest of the .7200 level and .7238, September high.