Published: 2026-04-17T13:43:03.000Z
Chart AUD/USD Update: Fresh year highs
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Cautious trade is giving way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7500 | ** | historic congestion | S1 | 0.7100 | congestion | ||
| R3 | 0.7400 | ** | historic congestion | S2 | 0.7050 | * | congestion | |
| R2 | 0.7280~ | ** | June 2022 high | S3 | 0.7000 | * | congestion | |
| R1 | 0.7200 | ** | 61.8% ret of 2021-2025 fall | S4 | 0.6960 | * | 1 Apr (w) high |
Asterisk denotes strength of level
14:30 BST - Cautious trade is giving way to anticipated gains, with the break above strong resistance at the 0.7200 Fibonacci retracement posting fresh year highs around 0.7220. Daily readings are positive and oversold weekly stochastics are unwinding, highlighting room for further strength in the coming sessions. A close above 0.7200 will help to improve sentiment and confirm continuation of April 2025 gains, as focus then turns to the 0.7280~ high of June 2022. Meanwhile, support remains down to congestion around 0.7100. A close beneath here, if seen, will help to stabilise price action and prompt consolidation above further congestion around 0.7050.