Published: 2026-04-28T00:26:02.000Z
Chart AUD/USD Update: Scope to retest .7222 YTD high
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Bounce from support at the .7110/00 congestion has seen gains to retest the .7187 March high and .7200 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | * | congestion | S1 | 0.7110/00 | ** | 23 Apr low, congestion | |
| R3 | 0.7300 | * | congestion | S2 | 0.7050 | * | congestion | |
| R2 | 0.7280 | * | Jun 2022 high | S3 | 0.7000 | ** | figure, congestion | |
| R1 | 0.7222 | ** | 17 Apr YTD high | S4 | 0.6950 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Bounce from support at the .7110/00 congestion has seen gains to retest the .7187 March high and .7200 level. Break here will return focus to the .7222, 17 April current year high. Clearance here will extend the underlying bull trend from the April 2025 year low and see room for extension to resistance at the .7280/.7300 area. Higher still, will see room to .7400 level. Meanwhile, support at the .7110/00 low of last week and congestion area should underpin. Only break here will fade the upside pressure and see deeper corrective pullback to retrace rally from March low.