Published: 2026-10-08T00:27:00.000Z
Chart AUD/USD Update: Settled back in consolidation below .7000
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Settled back just below the .7000 level as consolidate bounce from the .6900 low
| 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
00:20 GMT - Settled back just below the .7000 level as consolidate bounce from the .6900 low. Mixed daily studies suggest ranging action to extend with support at the .6950/.6900 area expected to underpin. Break here, if seen, will extend the September losses to retest the .6865/.6833, June and March lows. Meanwhile, resistance remains at the .7000 level. Would take break here to open up room for stronger gains to retrace recent sharp losses from the .7238, September high. Clearance, will see room to the .7050 congestion then the strong resistance at .7080, May low.