Published: 2026-10-12T00:16:59.000Z
Chart AUD/USD Update: Poised for stronger bounce
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Higher in consolidation above the .6950 support with prices pressuring the .6990 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7100 | ** | congestion | S1 | 0.6950 | * | congestion | |
| R3 | 0.7080 | * | May low | S2 | 0.6900 | ** | congestion, channel | |
| R2 | 0.7050 | * | congestion | S3 | 0.6865 | ** | Jun low | |
| R1 | 0.7000 | * | congestion | S4 | 0.6833 | ** | Mar low |
Asterisk denotes strength of level
00:15 GMT - Higher in consolidation above the .6950 support with prices pressuring the .6990 high of last week. Daily studies have turned up and suggest scope for extension to the .7000 level. Would take break here to open up room for stronger gains to retrace losses from the September high towards the .7050 congestion and strong resistance at .7080, May low. Meanwhile, support at the .6950 congestion and .6932 low of last week should underpin. Break here and the .6900 level, if seen, will extend the September losses to retest the critical .6865/.6833, June and March lows.