Published: 2026-04-09T00:23:07.000Z
Chart AUD/USD Update: Consolidating, room for higher later
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Settled back from the .7085 high as prices consolidate bullish gains from below the .6900 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 - Settled back from the .7085 high as prices consolidate bullish gains from below the .6900 level and unwind overbought readings. Consolidation expected to give way to renewed buying interest later for test of the .7100 level. Clearance here will open up room for retest of the February high at .7147 then the .7187, March current year high. Higher still, will see room to .7205 Fibonacci level and further extend gains from the April 2025 year low. Meanwhile, support remains at the .7000 figure which should underpin and sustain gains from the .6833 March low.