Published: 2026-08-24T00:30:19.000Z
Chart AUD/USD Update: Room to extend gains
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Break above resistance at the .7150 congestion on Friday has seen gains to approach the .7187 March high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | * | congestion | S1 | 0.7150 | * | congestion | |
| R3 | 0.7278 | ** | 6 May YTD high | S2 | 0.7100 | ** | congestion | |
| R2 | 0.7200 | * | 29 May high, congestion | S3 | 0.7050 | * | congestion | |
| R1 | 0.7187 | * | Mar high | S4 | 0.7025 | ** | 21 Jul high |
Asterisk denotes strength of level
00:20 GMT - Break above resistance at the .7150 congestion on Friday has seen gains to approach the .7187 March high. Bullish momentum from the .6922 late-July low keep pressure on the upside and higher will see room to .7200 level. Clearance here will turn focus to the .7278 current year high of 6 May and where reaction can be expected. A later clearance here will extend gains from the April 2025 year low. Meanwhile, support is raised to .7150 congestion which should underpin. Below here will ease the upside pressure and see room for consolidation back to the .7100./7080 support area.