Published: 2026-04-08T00:31:55.000Z
Chart AUD/USD Update: Breakout see .7100 within reach
1
Consolidation below the .6950 congestion has given way to sharp rally above the .7000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7205 | * | 61.8% 2021/2025 fall | S1 | 0.7000 | * | figure, congestion | |
| R3 | 0.7187 | ** | 11 Mar YTD high | S2 | 0.6950 | * | congestion | |
| R2 | 0.7147 | * | Feb high | S3 | 0.6900 | ** | congestion | |
| R1 | 0.7100 | * | congestion | S4 | 0.6833 | ** | 30 Mar low |
Asterisk denotes strength of level
00:20 GMT - Consolidation below the .6950 congestion has given way to sharp rally above the .7000 level. Focus return to the upside with the .7100 level now within reach and where reaction can be expected. Clearance will open up room to the February high at .7147 and the .7187, March current year high. Higher still, will see room to .7205 Fibonacci level and scope to further extend gains from the April 2025 year low. Meanwhile, support is raised to the .7000 figure which should now underpin and sustain gains from the .6833 March low.