Published: 2026-11-05T00:31:51.000Z
Chart AUD/USD Update: Room to extend gains
1
Saw bounce above support at the .6950 congestion to regain the .7000 level with the resulting outside range suggesting prices reversing losses from the high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7185 | * | Mar 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 - Saw bounce above support at the .6950 congestion to regain the .7000 level with the resulting outside range suggesting prices reversing losses from the high of last week. Daily studies have turned up from oversold areas and suggest room for stronger gains to retest the .7050 congestion and .7065 Fibonacci retracement. Above these will see scope to strong resistance at the .7080/.7100 May low and congestion area. Meanwhile, support is raised to the .7000 figure which should underpin and sustain bounce from the .6955 low.