Published: 2026-03-05T00:31:39.000Z
Chart AUD/USD Update: Consolidating within .7100/.7000 area
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Bounce from the .6945 low to regain the .7000 level has seen extension to approach the .7100 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7280 | * | Jun 2022 high | S1 | 0.7015/00 | * | 20 Feb low, congestion | |
| R3 | 0.7205 | * | 61.8% 2021/2025 fall | S2 | 0.6945 | * | 3 Mar low | |
| R2 | 0.7147 | ** | 12 Feb YTD high | S3 | 0.6900 | ** | congestion, 6 Feb low | |
| R1 | 0.7100 | * | congestion | S4 | 0.6870 | * | 38.2% Nov/Feb rally |
Asterisk denotes strength of level
00:20 GMT - Bounce from the .6945 low to regain the .7000 level has seen extension to approach the .7100 level. Mixed daily studies suggest the latter expected to cap and extend consolidation within the .7100/.7000 range area. A later break of the .7015/00 support will open up room for retest of the .6945 low and see room to strong support at the .6900 level. Break here will open up room for deeper retracement of the rally from .6420, November low. Would take break above .7100 level to expose the .7137/.7147 highs to retest.