Published: 2026-04-27T00:17:18.000Z
Chart AUD/USD Update: Consolidating above .7100 level
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Little change, as prices extend consolidation above the .7100 level following rejection from the .7222, 17 April current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7300 | * | congestion | S1 | 0.7100 | * | congestion | |
| R3 | 0.7280 | * | Jun 2022 high | S2 | 0.7050 | * | congestion | |
| R2 | 0.7222 | ** | 17 Apr YTD high | S3 | 0.7000 | ** | figure, congestion | |
| R1 | 0.7187 | * | Mar high | S4 | 0.6950 | * | congestion |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation above the .7100 level following rejection from the .7222, 17 April current year high. However, a deeper pullback to retrace gains from the .6833 March YTD low cannot be ruled out with break to see scope to strong support at the .7050/.7000 area which is expected to underpin. Pullback expected to meet with buying interest later to retest the .7187 and .7222, March/April highs. Clearance will extend the underlying bull trend from the April 2025 year low and see room for extension to resistance at the .7280/.7300 area.