Published: 2026-10-26T00:31:05.000Z
Chart AUD/USD Update: Stays supported above .7000 level
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Keeping pressure on the upside as prices remains supported above the .7000 level to sustain gains from the .6900 double bottom
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7140 | * | 21 Sep high | S1 | 0.7000 | * | congestion | |
| R3 | 0.7100/05 | * | congestion, 61.8% | S2 | 0.6950 | * | congestion | |
| R2 | 0.7080 | ** | May low, congestion | S3 | 0.6900 | ** | congestion, channel | |
| R1 | 0.7065 | * | 50% Sep/Oct fall | S4 | 0.6865 | ** | Jun low |
Asterisk denotes strength of level
00:20 GMT - Keeping pressure on the upside as prices remains supported above the .7000 level to sustain gains from the .6900 double bottom. Higher will see room to further retrace losses from the September high to the .7065 Fibonacci level. Clearance here will open up to strong resistance at .7080/.7100 area where reaction can be expected as daily studies extend into overbought areas. Meanwhile, support remains at the .7000 level. Below here will ease the upside pressure and see room for pullback to support at the .6950 congestion which is expected to underpin.