Published: 2026-05-11T13:29:59.000Z
Chart AUD/USD Update: Cautious trade - background studies rising
1
Little change, as prices extend cautious trade beneath the current year high around the 0.7280~ high of June 2022
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7515 | ** | 76.4% ret of 2021-2025 fall | S1 | 0.7200 | ** | break level, 61.8% ret | |
| R3 | 0.7500 | ** | historic congestion | S2 | 0.7100 | congestion | ||
| R2 | 0.7400 | ** | historic congestion | S3 | 0.7050 | * | congestion | |
| R1 | 0.7280~ | ** | June 2022 high | S4 | 0.7000 | * | congestion |
Asterisk denotes strength of level
14:20 BST - Little change, as prices extend cautious trade beneath the current year high around the 0.7280~ high of June 2022. The daily Tension Indicator has turned flat, suggesting room for further consolidation. But rising daily stochastics and positive weekly charts point to room for later further gains. A close above 0.7280 will help to improve price action and extend April 2025 gains towards historic congestion around 0.7400. Meanwhile, support is at 0.7200. A close beneath here will add weight to sentiment and prompt a pullback towards congestion support at 0.7100.