Published: 2026-05-11T00:17:44.000Z
Chart AUD/USD Update: Extend consolidation beneath .7280 resistance
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Little change, as prices extend consolidation just beneath resistance at .7280, June 2022 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7458 | * | 21 Apr 2022 high | S1 | 0.7200 | * | congestion | |
| R3 | 0.7400 | ** | congestion | S2 | 0.7135 | * | 5 May low | |
| R2 | 0.7300 | * | congestion | S3 | 0.7100 | ** | congestion | |
| R1 | 0.7280 | ** | Jun 2022 high | S4 | 0.7000 | ** | figure, congestion |
Asterisk denotes strength of level
00:15 GMT - Little change, as prices extend consolidation just beneath resistance at .7280, June 2022 high. However, prices action from the recent low at .6833 March low keeps pressure on the upside and consolidation is expected to give way to further gains later. Clearance will see room for extension to resistance at the .7300/.7400 congestion. Meanwhile, support remains at the .7200 level. Below here will ease the upside pressure and see room for pullback the strong support at .7135/.7100 higher lows, which is expected to underpin and sustain bullish gains from the March low.