Published: 2026-09-08T00:24:24.000Z
Chart AUD/USD Update: Extending June gains
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Edging higher with break above the .7200 level extending gains from the .6865, June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | * | congestion | S1 | 0.7150 | * | congestion | |
| R3 | 0.7300 | * | congestion | S2 | 0.7121 | ** | 2 Sep low | |
| R2 | 0.7278 | ** | 6 May YTD high | S3 | 0.7100 | * | congestion | |
| R1 | 0.7225 | 7 Sep high | S4 | 0.7080 | ** | May low |
Asterisk denotes strength of level
00:15 GMT - Edging higher with break above the .7200 level extending gains from the .6865, June low. Positive daily studies keep pressure on the upside and suggest scope to retest the .7278, May current year high. Would expect reaction here as daily studies extend into overbought areas. A later break here will extend the bullish gains from the low of April 2025 to further retrace losses from the 2021 year high. Meanwhile, support remains at the .7150/.7121 congestion and low of last week is expected to underpin. Below here will open up room for deeper correction towards strong support at the .7100/.7080 area.