Chartbook: Chart AUD/USD: Extending gains from .6350, August YTD low

Saw return to pressure the .6800/.6840 resistance and January high following smart bounce from the .6350 support in Q3.

Break here opens up further gains from the April year low and see scope to the strong resistance at the .6870/.6900, December and May 2023 highs. Clearance here, will be bullish as this will extend the broader gains from the 2023 year low at .6270 and see scope to target the .7000 level. Beyond this will set up scope for return to the .7160, the 2023 year high. Still higher, will further retrace losses from the 2021 year high at .8010 and see scope to target the .7305, 61.8% Fibonacci retracement level. 

Meanwhile, support is at the .6700 congestion and this extend to the .6620, September higher low. This area is expected to underpin and limit corrective pullback. Below this, if seen, will open up room for deeper correction to the .6500 congestive support.