Published: 2026-05-22T00:18:34.000Z
Chart AUD/USD Update: Range-bound above .7100
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Little change, 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 - Little change, as prices extend consolidation above the .7100 level. Further ranging action expected to extend but break of the .7100 cannot be ruled out 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 are expected to cap. Would take break here to fade the downside pressure and return focus the .7278 high and see scope to extend the broader gains from the April 2025 year low.