Published: 2026-10-22T13:46:57.000Z
Chart AUD/USD Update: Consolidating gains
1
The run to 0.7035 is giving way to profit-taking
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion | S1 | 0.7000 | * | congestion | |
| R3 | 0.7140 | ** | 21 Sep (w) high | S2 | 0.6950 | * | break level | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | ** | congestion | |
| R1 | 0.7050 | * | congestion | S4 | 0.6865 | ** | 30 Jun (m) low |
Asterisk denotes strength of level
14:25 BST - The run to 0.7035 is giving way to profit-taking, as intraday studies turn down, with prices currently balanced around 0.7010. Overbought daily stochastics are turning down, suggesting room for a test beneath here. But the positive daily Tension Indicator and mixed weekly charts should limit scope in fresh consolidation above 0.6950.
Meanwhile, resistance remains up to congestion around 0.7050. A close above here, if seen, will improve sentiment and extend gains towards 0.7100, where renewed selling interest/consolidation is expected to appear.