Published: 2026-08-28T00:21:50.000Z
Chart AUD/USD Update: Extending gains
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Pressure remains on the upside with gains edging towards the .7200 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7350 | * | congestion | S1 | 0.7150 | * | congestion | |
| R3 | 0.7300 | * | congestion | S2 | 0.7100 | ** | congestion | |
| R2 | 0.7278 | ** | 6 May YTD high | S3 | 0.7080 | * | May low | |
| R1 | 0.7200 | * | 29 May high, congestion | S4 | 0.7025 | ** | 21 Jul high |
Asterisk denotes strength of level
00:15 GMT - Pressure remains on the upside with gains edging towards the .7200 level. Bullish momentum from the .6865 late-June low suggest scope for break here to turn focus to the .7278 current year high of 6 May. Would expect reaction on retest of the latter as daily and weekly extend into overbought areas. A later break here, if seen, will extend the broader gains from the April 2025 year low to retrace losses from the 2021 year high. Meanwhile, support remains at .7150. Below here will ease the upside pressure and see deeper consolidation back to the .7100./7080 support area.