Published: 2026-08-20T00:24:46.000Z
Chart AUD/USD Update: Extending gains
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Consolidation at the .7100 level has given way to bounce to retest the .7129 Monday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7278 | ** | 6 May YTD high | S1 | 0.7100 | * | congestion | |
| R3 | 0.7200 | ** | congestion | S2 | 0.7050 | * | congestion | |
| R2 | 0.7150 | * | congestion | S3 | 0.7025 | ** | 21 Jul high | |
| R1 | 0.7129 | * | 17 Aug high | S4 | 0.7000 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Consolidation at the .7100 level has given way to bounce to retest the .7129 Monday's high. Break here will see room for extension of bullish gains from the .6865 late-June low to target the .7150 congestion. Higher still, will turn see room to the .7200 level where reaction can be expected as daily and weekly studies extend into overbought areas. However, a later clearance here will see potential to retest .7278 May current year high. Meanwhile, support is raised to the .7100/.7050 congestion area which should sustain gains from the June low.