Published: 2026-03-11T00:34:12.000Z
Chart AUD/USD Update: Consolidating below fresh high, room to extend
1
Break above the .7100 level saw follow-through above the .7147 February high to reach fresh year high at .7169
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7285 | * | Jun 2022 high | S1 | 0.7100 | * | congestion | |
| R3 | 0.7210 | * | 61.8% 2021/2025 fall | S2 | 0.7050 | * | congestion | |
| R2 | 0.7169 | ** | 10 Mar YTD high | S3 | 0.7015/00 | * | 20 Feb low, congestion | |
| R1 | 0.7147 | 12 Feb high | S4 | 0.6945 | ** | 3 Mar low |
Asterisk denotes strength of level
00:25 GMT - Break above the .7100 level saw follow-through above the .7147 February high to reach fresh year high at .7169 before settling back in consolidation. Prices structure keeps focus on the upside and suggest scope for further gains to extend the bullish gains from the April low. Higher will see room to target .7210, 61.8% Fibonacci level. Meanwhile, support is raised to the .7100 level. Would take break here to see deeper consolidation to the strong support at the .7015/.7000 area which is expected to under pin and sustain bounce from the .6945/.6900 higher lows.