Published: 2026-10-06T00:31:55.000Z
Chart AUD/USD Update: Room to extend bounce from .6900
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Extending bounce from the .6900 level and channel support from the March low as prices retrace recent sharp losses from the .7238, September high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7100 | ** | congestion | S1 | 0.6950 | * | congestion | |
| R3 | 0.7080 | * | May low | S2 | 0.6900 | ** | congestion, channel | |
| R2 | 0.7050 | * | congestion | S3 | 0.6865 | ** | Jun low | |
| R1 | 0.7000 | * | congestion | S4 | 0.6833 | ** | Mar low |
Asterisk denotes strength of level
00:20 GMT - Extending bounce from the .6900 level and channel support from the March low as prices retrace recent sharp losses from the .7238, September high. Both intraday and daily studies have turned up to unwind oversold readings and test above .6950 opens up room for stronger recovery to resistance at the .7000/.7050 congestion area. Would take break here to open up room to strong resistance at the .7080/.7100 area. Meanwhile, support .6950/.6900 area underpin. Below here will extend the September losses to retest the .6865/.6833, June and March lows.