Published: 2026-10-22T00:27:21.000Z
Chart AUD/USD Update: Room to extend gains
1
Break above the .7025 Fibonacci level see prices extending gains from the .6900 double bottom
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7150 | * | congestion | S1 | 0.7013/00 | * | 14 Oct high, congestion | |
| R3 | 0.7100/05 | * | congestion, 61.8% | S2 | 0.6950 | * | congestion | |
| R2 | 0.7080 | ** | May low, congestion | S3 | 0.6900 | ** | congestion, channel | |
| R1 | 0.7065 | * | 50% Sep/Oct fall | S4 | 0.6865 | ** | Jun low |
Asterisk denotes strength of level
00:20 GMT - Break above the .7025 Fibonacci level see prices extending gains from the .6900 double bottom. Positive daily studies suggest room for further gains to target .7050 congestion then the .7065, Fibonacci retracement. Clearance of these will open up room to strong resistance at .7080/.7100 area. Meanwhile, support is raised to the .7013/00 high of 14 October and congestion area which should limit corrective pullback. Below here will open up room for deeper correction towards .6950 congestion.