Published: 2026-09-17T00:28:39.000Z
Chart AUD/USD Update: Consolidating test of .7080 support, room for lower
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Break of the .7108 Monday's low has seen extension to reach support at the .7100/.7080 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7238 | ** | 9 Sep high | S1 | 0.7080 | * | May low | |
| R3 | 0.7200 | * | congestion | S2 | 0.7050 | * | congestion, 50% | |
| R2 | 0.7150 | * | congestion | S3 | 0.7005/00 | ** | 61.8%, congestion | |
| R1 | 0.7100 | * | congestion | S4 | 0.6950 | * | congestion |
Asterisk denotes strength of level
00:20 GMT - Break of the .7108 Monday's low has seen extension to reach support at the .7100/.7080 area. Consolidation here see prices unwind oversold intraday studies but bearish momentum keep pressure on the downside see room for further losses to retrace the June/September rally. Lower will see room to the .7050 ccongestion and 50% Fibonacci level. Below this will see room to strong support at .7005/00 area. Meanwhile, resistance is lowered to .7100 level. Above here will see room for consolidation towards the .7150 congestion which is expected to cap.