Published: 2026-04-30T00:22:26.000Z
Chart AUD/USD Update: Leaning lower from .7200/22 highs
-
Consolidation beneath the .7200 level has given way to selling pressure to reach support at the .7110/00 congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | * | congestion | S1 | 0.7110/00 | ** | 23 Apr low, congestion | |
| R3 | 0.7300 | * | congestion | S2 | 0.7050 | * | congestion | |
| R2 | 0.7280 | * | Jun 2022 high | S3 | 0.7000 | ** | figure, congestion | |
| R1 | 0.7200/22 | ** | congestion, 17 Apr YTD high | S4 | 0.6950 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Consolidation beneath the .7200 level has given way to selling pressure to reach support at the .7110/00 congestion area. Break here will see room for deeper pullback to retrace the March/April and see room to support at the .7050/.7000 congestion. However, corrective pullback is expected to give way to renewed buying interest later to retest the .7200 level and 17 April current year high at .7222. Clearance here will extend the bullish gains from the April 2025 year low and see room for extension to resistance at the .7280/.7300 area.