Published: 2026-08-27T00:25:35.000Z
Chart AUD/USD Update: Edging higher
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Consolidation below the .7180 has given way to fresh push higher to approach 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
00:20 GMT - Consolidation below the .7180 has given way to fresh push higher to approach the .7200 level. Bullish price action keeps focus on the upside to extend gains from the .6865 late-July low. Break above the .7200 level will open up scope for retest of .7278 current year high of 6 May where reaction can be expected as daily and weekly stretches into overbought areas. A later clearance here will extend the broader gains from the April 2025 year low. Meanwhile, support remains at .7150. Break here will ease the upside pressure and see deeper consolidation back to the .7100./7080 support area.