Published: 2026-05-14T00:18:13.000Z
Chart AUD/USD Update: Poised for retest of .7278 high
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Pushing higher above the .7200 support to approach resistance at the .7278/80, current year high and 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 - Pushing higher above the .7200 support to approach resistance at the .7278/80, current year high and June 2022 high. Break here will extend the broader gains from the April 2025 year low and see room for extension to target resistance at the .7300/.7400 congestion area. However, overbought daily studies and a rising wedge pattern caution corrective pullback. Would take break of the 7200 level to ease the upside pressure and open up room for pullback to retrace gains from the .6833 March low to strong support at .7135/.7100 area which is expected to underpin.