Published: 2026-08-21T13:39:09.000Z
Chart AUD/USD Update: Extending gains
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Cautious trade is giving way to further gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | congestion | S1 | 0.7100 | ** | congestion | |
| R3 | 0.7277 | ** | 6 May YTD high | S2 | 0.7050 | * | congestion | |
| R2 | 0.7200 | ** | congestion | S3 | 0.7000 | * | congestion | |
| R1 | 0.7150 | * | congestion | S4 | 0.6950 | congestion |
Asterisk denotes strength of level
14:30 BST - Cautious trade is giving way to further gains, with prices currently trading above congestion resistance at 0.7150. Daily readings have ticked higher once again and broader weekly charts are rising, highlighting room for continuation towards further congestion around 0.7200. However, already overbought daily stochastics could limit any initial tests in profit-taking towards here.
Meanwhile, support remains down to congestion around 0.7100 and should underpin any immediate setbacks.