Published: 2026-05-06T00:29:48.000Z
Chart AUD/USD Update: Poised for retest of .7228 high
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Bounce from the .7150/00 support see prices back above the .7200 level to set up scope for retest of .7228 last Friday's current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | * | congestion | S1 | 0.7150 | * | congestion | |
| R3 | 0.7300 | * | congestion | S2 | 0.7110/00 | ** | 23 Apr low, congestion | |
| R2 | 0.7280 | * | Jun 2022 high | S3 | 0.7050 | * | congestion | |
| R1 | 0.7228 | ** | 1 May YTD high | S4 | 0.7000 | ** | figure, congestion |
Asterisk denotes strength of level
00:15 GMT - Bounce from the .7150/00 support see prices back above the .7200 level to set up scope for retest of .7228 last Friday's current year high. Clearance here will extend the underlying bull trend from the April 2025 year low and see room for extension to resistance at .7280 high of June 2022 and the .7300 level. Meanwhile, support remains at the .7150/.7100 congestion area which should underpin. Would take break here to fade the upside pressure and open up room for deeper corrective pullback to retrace gains from the .6833 March low.