Published: 2026-06-03T00:15:38.000Z
Chart AUD/USD Update: Extend consolidation below .7200
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Little change, as prices extend consolidation within a narrow range below the .7200 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 0.7400 | ** | congestion | S1 | 0.7150 | * | congestion | |
| R3 | 0.7300 | * | congestion | S2 | 0.7100 | ** | congestion | |
| R2 | 0.7278 | ** | 6 May YTD high | S3 | 0.7055 | * | 50% Mar/May rally | |
| R1 | 0.7200 | * | congestion | S4 | 0.7000 | ** | congestion, 61.8% |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices extend consolidation within a narrow range below the .7200 level. Would take break here to open up room for retest of the .7278 current year high of 6 May and see potential to extend the broader gains from the April 2025 year low. Meanwhile, support at the .7150/00 area underpin. Break here and the .7080 May low will fade the upside pressure and open up room for deeper pullback to retrace rally from the .6833 March low. Lower will see room for corrective pullback to support at the .7055 and .7000, 50% and 61.8% Fibonacci levels.