Published: 2026-06-16T00:33:10.000Z
Chart AUD/USD Update: Consolidating, still room for higher
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Settled back in consolidation after break above .7050 saw gains checked at the .7080./7100 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | 29 May high, congestion | S1 | 0.7000 | * | congestion | |
| R3 | 0.7150 | * | congestion | S2 | 0.6980 | ** | 11 Jun low | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6950 | * | congestion | |
| R1 | 0.7080 | * | May low | S4 | 0.6900 | * | congestion |
Asterisk denotes strength of level
00:20 GMT - Settled back in consolidation after break above .7050 saw gains checked at the .7080./7100 resistance. Would take break here to open up room for stronger recovery to retrace losses from the May YTD high towards resistance at .7150/.7200 congestion area. Clearance here will return focus to the .7278 high. Meanwhile, support is raised to the .7050 congestion which should underpin. Failure here will expose the .7000 level and .6980 low to retest and threatens deeper corrective pullback of the March/May rally.