Published: 2026-10-27T14:46:04.000Z
Chart AUD/USD Update: Edging higher
2
Cautious trade is giving way to a drift higher
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.7000 | * | congestion | |
| R3 | 0.7140 | ** | 21 Sep (w) high | S2 | 0.6950 | * | break level | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | ** | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
14:40 GMT - Cautious trade is giving way to a drift higher, as intraday studies improve once again, with immediate focus turning to congestion resistance at 0.7050. The daily Tension Indicator continues to rise and overbought daily stochastics have ticked higher, suggesting room for further gains in the coming sessions. A close above 0.7050 will help to improve sentiment and extend mid-October gains towards 0.7100. However, already overbought daily stochastics and mixed/negative weekly charts should limit any initial tests in fresh consolidation.
Meanwhile, support remains down to congestion around 0.7000 and should underpin any immediate setbacks.