Published: 2026-05-01T08:44:54.000Z
Chart AUD/USD Update: Balanced at year highs
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Steady intraday gains have reached resistance at the 0.7200 Fibonacci retracement
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | ** | historic congestion | S1 | 0.7100 | congestion | ||
| R3 | 0.7280~ | ** | June 2022 high | S2 | 0.7050 | * | congestion | |
| R2 | 0.7220~ | * | 17 Apr YTD high | S3 | 0.7000 | * | congestion | |
| R1 | 0.7200 | ** | 61.8% ret of 2021-2025 fall | S4 | 0.6960 | * | 1 Apr (w) high |
Asterisk denotes strength of level
09:35 BST - Steady intraday gains have reached resistance at the 0.7200 Fibonacci retracement, where flat overbought intraday studies are prompting consolidation. Just higher is the 0.7220~ current year high of 17 April. But mixed daily and weekly charts should limit any initial tests of here in renewed consolidation. A close above here, however, would turn sentiment positive once again and extend April 2025 gains towards the 0.7280~ high of June 2022. Meanwhile, support remains down to congestion around 0.7100, and should underpin any immediate setbacks.