Published: 2026-10-20T00:30:47.000Z
Chart AUD/USD Update: Room to extend gains
1
Turned up from the .6900 level to regain .6950 see prices within reach of the .7000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7100 | * | congestion | S1 | 0.6950 | * | congestion | |
| R3 | 0.7080 | ** | May low, congestion | 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 - Turned up from the .6900 level to regain .6950 see prices within reach of the .7000 level. Positive daily studies suggest scope for break here to confirm a double bottom at the .6900 support and open up room for stronger gains to retrace losses from the September high. Clearance will see extension to .7050 congestion then the strong resistance at .7080/.7100 area. Meanwhile, support at the .6950 congestion and extending to the .6900 level should underpin. Failure here will see room to the .6865 and .6833, June and March lows.