Chartbook: Chart AUD/USD: Lower in consolidation from .7280 fresh year high

Consolidation below the .7200 level gave way to fresh gains from the .6830 low to reach fresh high at .7280.

Subsequent pullback from the latter see prices settling back in consolidation within the bull channel from the April 2025 low to the .7000 figure. Below this will open up room for deeper pullback to support at the .6940, 2024 year high and well as channel support. Lower still, will expose the March low at .6830 to retest. Below the latter, if seen, will put bulls on hold and open up room for deeper corrective pullback to the strong support at the .6725/00, 2025 year highs.

The broader bull trend from the April 2025 low suggest corrective pullback expected to give way to renewed strength going forward. Break above the .7200 level and .7280 high will see room for extension to target the .7400 level and .7510, 76.4% Fibonacci retracement.