Published: 2026-10-29T00:30:29.000Z
Chart AUD/USD Update: Consolidating, room for higher still
1
Break of the small ascending triangle has seen gains to tag the .7065 Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7140 | * | 21 Sep high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7100/05 | * | congestion, 61.8% | S2 | 0.6950 | * | congestion | |
| R2 | 0.7080 | ** | May low, congestion | S3 | 0.6900 | ** | congestion, channel | |
| R1 | 0.7050/65 | * | congestion, 50% Sep/Oct fall | S4 | 0.6865 | ** | Jun low |
Asterisk denotes strength of level
00:20 GMT - Break of the small ascending triangle has seen gains to tag the .7065 Fibonacci level. Consolidation here see prices unwinding overbought intraday studies but the upside stays in focus and see room to extend the October gains. Higher will see room to strong resistance at .7080/.7100 May low and congestion area. Meanwhile, support is raised to the .7040/.7000 area which should underpin. Failure here will ease the upside pressure and leave the way open for deeper pullback to the .6950 congestion