Published: 2026-07-07T00:21:20.000Z
Chart AUD/USD Update: Edging higher
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Consolidation below .6950 has given way to break to extend gains from the .6865 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7050 | * | congestion | S1 | 0.6900 | * | congestion | |
| R3 | 0.7000 | ** | congestion | S2 | 0.6865 | ** | Jun low | |
| R2 | 0.6980 | * | 11 Jun low | S3 | 0.6833 | ** | Mar low | |
| R1 | 0.6950 | * | congestion | S4 | 0.6800 | * | congestion |
Asterisk denotes strength of level
00:20 GMT - Consolidation below .6950 has given way to break to extend gains from the .6865 low. Daily studies are tracking higher from oversold areas and suggest room for further gains ahead towards strong resistance at the .6980/.7000 area. Would take break here to revive upside focus and open up room for extension to the .7080/7100 area. Meanwhile, support remains at the .6900/.6865 congestion and low of last week should underpin. Failure here will extend the May losses and see room for retest of .6833 March low and the .6800 figure.