Published: 2026-06-02T00:24:03.000Z
Chart AUD/USD Update: Consolidate test of .7200 resistance
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Little change, as prices consolidate test of the .7185/.7200 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | ** | congestion | S1 | 0.7100 | ** | congestion | |
| R3 | 0.7300 | * | congestion | S2 | 0.7055 | * | 50% Mar/May rally | |
| R2 | 0.7278 | ** | 6 May YTD high | S3 | 0.7000 | ** | congestion, 61.8% | |
| R1 | 0.7200 | * | congestion | S4 | 0.6962 | * | 1 Apr high |
Asterisk denotes strength of level
00:15 GMT - Little change, as prices consolidate test of the .7185/.7200 resistance. Would take break here to clear the way for retest of the .7278 current year high of 6 May and set up scope for extension of the broader gains from the April 2025 year low. Meanwhile, support at the .7100 level is expected to underpin. Break here and the .7080 May low will fade the upside pressure and open up room for deeper pullback to retrace rally from the .6833 March low. Lower will see scope to support at the .7055 and .7000, 50% and 61.8% Fibonacci levels.