Published: 2026-05-15T00:17:02.000Z
Chart AUD/USD Update: Lower in consolidation, .7200 support at risk
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Lower in consolidation as resistance at the .7280 congestion caps and threatens pullback to the .7200 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7458 | * | 21 Apr 2022 high | S1 | 0.7200 | * | congestion | |
| R3 | 0.7400 | ** | congestion | S2 | 0.7135 | * | 5 May low | |
| R2 | 0.7300 | * | congestion | S3 | 0.7100 | ** | congestion | |
| R1 | 0.7280 | ** | Jun 2022 high | S4 | 0.7000 | ** | figure, congestion |
Asterisk denotes strength of level
00:10 GMT - Lower in consolidation as resistance at the .7280 congestion caps and threatens pullback to the .7200 support. Daily studies are unwinding overbought readings and break of the rising wedge pattern will fade the upside pressure and open up room for pullback to retrace gains from the .6833 March low. Lower will see room to strong support at .7135/.7100 area. Meanwhile, resistance remains at the .7278/80 current year high and June 2022 high. Break here will further extend gains from the April 2025 year low towards .7300/.7400 congestion area.