Published: 2026-05-21T00:25:44.000Z
Chart AUD/USD Update: Range-bound in consolidation
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Range-bound as prices extend consolidation above the .7100 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | ** | congestion | S1 | 0.7100 | ** | congestion | |
| R3 | 0.7300 | * | congestion | S2 | 0.7055 | * | 50% Mar/May rally | |
| R2 | 0.7278 | ** | 6 May YTD high | S3 | 0.7000 | ** | congestion, 61.8% | |
| R1 | 0.7200 | * | congestion | S4 | 0.6962 | * | 1 Apr high |
Asterisk denotes strength of level
00:15 GMT - Range-bound as prices extend consolidation above the .7100 level. Mixed daily studies suggest ranging action to extend and break here needed to open up room for deeper pullback to retrace rally from the .6833 March low. Lower will see room to support at the .7055 and .7000 Fibonacci levels. Meanwhile, resistance at the .7185/.7200 March high and congestion area is expected to cap. Break here will fade the downside pressure and return focus the .7278 high and see scope to extend the broader gains from the April 2025 year low.