Published: 2026-06-09T00:25:58.000Z
Chart AUD/USD Update: Consolidating above .7020 low
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Little change, as prices consolidate above the .7020 Monday's opening low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7200 | ** | congestion, 29 May high | S1 | 0.7000 | ** | congestion, 61.8% | |
| R3 | 0.7150 | * | congestion | S2 | 0.6950 | * | congestion | |
| R2 | 0.7100 | ** | congestion | S3 | 0.6900 | * | congestion | |
| R1 | 0.7080 | * | May low | S4 | 0.6850/33 | ** | congestion, Mar low |
Asterisk denotes strength of level
00:15 GMT - Little change, as prices consolidate above the .7020 Monday's opening low. However, the downside remains vulnerable and further losses cannot be ruled out within the bull channel from April 2025 low. Lower will see room to the .7000 figure and 61.8% Fibonacci retracement of the March/May rally. Break here, if seen, will see scope to .6950/00 congestion area. Meanwhile, resistance remains at the .7080/.7100 May low and congestion area. Would need to regain this to ease the downside pressure and see scope for recovery.