Published: 2026-07-15T00:26:16.000Z
Chart AUD/USD Update: Extend gains from June low
1
Consolidation below .6950 has given way to bounce to extend gains from .6865 low to reach strong resistance at the .6980/.7000 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7080 | ** | May low | S1 | 0.6950 | * | congestion | |
| R3 | 0.7050 | * | congestion | S2 | 0.6900 | * | congestion | |
| R2 | 0.7000 | ** | congestion | S3 | 0.6865 | ** | Jun low | |
| R1 | 0.6980 | * | 11 Jun low | S4 | 0.6833 | ** | Mar low |
Asterisk denotes strength of level
00:20 GMT - Consolidation below .6950 has given way to bounce to extend gains from .6865 low to reach strong resistance at the .6980/.7000 area. Positive daily and weekly studies suggest scope for break here to open up room for stronger gains to retrace losses from the May current year high and see room to the .7050 congestion. Higher still, will turn focus to strong resistance at .7080/.7100, May low and congestion area. Meanwhile, support is raised to .6950 congestion which should underpin and sustain gains from the .6865 low.