Published: 2026-10-27T00:30:03.000Z
Chart AUD/USD Update: Consolidating
1
Edged lower from the .7040 high as prices settled back in consolidation to unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7140 | * | 21 Sep 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 | 0.7065 | * | 50% Sep/Oct fall | S4 | 0.6865 | ** | Jun low |
Asterisk denotes strength of level
00:20 GMT - Edged lower from the .7040 high as prices settled back in consolidation to unwind overbought intraday and daily studies. However, bullish gains from the .6900 low keep focus on the upside and only break of the .7000 support will ease the upside pressure and open up room for deeper pullback to the .6950 congestion which should underpin. Meanwhile, resistance remains at the .7050/65 congestion and 50% Fibonacci retracement. Clearance here will see room for extension to strong resistance at .7080/.7100 area where reaction can be expected.