Published: 2026-05-08T00:22:44.000Z
Chart AUD/USD Update: Lower in range beneath current year high
1
Settled back in range beneath resistance at the .7280, June 2022 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7458 | * | 21 Apr 2022 high | S1 | 0.7200 | * | congestion | |
| R3 | 0.7400 | ** | congestion | S2 | 0.7135 | * | 5 May low | |
| R2 | 0.7300 | * | congestion | S3 | 0.7100 | ** | congestion | |
| R1 | 0.7280 | ** | Jun 2022 high | S4 | 0.7000 | ** | figure, congestion |
Asterisk denotes strength of level
00:15 GMT - Settled back in range beneath resistance at the .7280, June 2022 high. However, bullish prices action keep pressure on the upside and consolidation is expected to give way to further gains later. Clearance will see room for extension to resistance at the .7300/.7400 congestion. Meanwhile, support remains at the .7200 level. Only below here will ease the upside pressure and see room for consolidation to the strong support at .7135/.7100 higher lows, expected to underpin and sustain bullish gains from the .6833, March low.