Published: 2026-05-04T00:24:01.000Z
Chart AUD/USD Update: Consolidating below fresh year high
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Close above the .7200 level saw gains reaching fresh year high at .7228 on Friday
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | * | congestion | S1 | 0.7200 | congestion | ||
| R3 | 0.7300 | * | congestion | S2 | 0.7110/00 | ** | 23 Apr low, congestion | |
| R2 | 0.7280 | * | Jun 2022 high | S3 | 0.7050 | * | congestion | |
| R1 | 0.7228 | ** | 1 May YTD high | S4 | 0.7000 | ** | figure, congestion |
Asterisk denotes strength of level
00:10 GMT - Close above the .7200 level saw gains reaching fresh year high at .7228 on Friday. Consolidation here expected to give way to further gains later to further retrace the 2021/2025 losses to target the June 2022 high at .7280 then the .7300 level. Higher still, will see room to .7300/.7400 congestion. Meanwhile, support is raised to the .7200 level which should underpin. Failure to hold this will see prices settling back in consolidation towards support at the .7110/00 congestion area.