Published: 2026-08-10T08:43:11.000Z
Chart AUD/USD Update: Extending gains
1
The anticipated break above 0.7050 has reached 0.7075
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | ** | congestion | S1 | 0.7050 | * | congestion | |
| R3 | 0.7277 | ** | 6 May YTD high | S2 | 0.7000 | * | congestion | |
| R2 | 0.7200 | ** | congestion | S3 | 0.6950 | congestion | ||
| R1 | 0.7100 | ** | congestion | S4 | 0.6900 | * | congestion |
Asterisk denotes strength of level
09:30 BST - The anticipated break above 0.7050 has reached 0.7075, where flat overbought intraday studies are prompting consolidation. Daily readings are improving once again and broader weekly charts are positive, highlighting room for further strength in the coming sessions. A break above 0.7075 will extend late-June gains towards 0.7100. However, already overbought daily stochastics could limit any immediate tests above here in consolidation beneath 0.7150. Meanwhile, a close back below 0.7050 will turn sentiment neutral and give way to consolidation above further congestion around 0.7000.