Published: 2026-09-24T00:31:14.000Z
Chart AUD/USD Update: Under pressure
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Break of support at the .7100/.7080 area has given way to sharp losses to reach .7025 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7150 | * | congestion | S1 | 0.7025 | * | 21 Jul high, congestion | |
| R3 | 0.7140 | ** | 21 Sep high | S2 | 0.7005/00 | ** | 61.8%, congestion | |
| R2 | 0.7100 | * | congestion | S3 | 0.6950 | * | congestion | |
| R1 | 0.7080 | * | May low | S4 | 0.6922 | 29 Jul low |
Asterisk denotes strength of level
00:20 GMT - Break of support at the .7100/.7080 area has given way to sharp losses to reach .7025 support. Negative daily and weekly studies keep pressure firmly on the downside and suggest room for further losses to retrace the June/September rally. Below the latter will see room for extension to the .7005, 61.8% Fibonacci level. Lower still, will open up scope to .6950 congestion. Meanwhile, resistance is lowered to the .7080/.7100 area now expected to cap. Regaining this needed to ease the downside pressure and see room for stronger bounce towards the.7140/50 resistance.