Published: 2026-04-29T00:19:22.000Z
Chart AUD/USD Update: Consolidating below .7200, scope for break later
1
Little change, as prices extend consolidation below the .7200 level but pressure building on the upside
| 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 - Little change, as prices extend consolidation below the .7200 level but pressure building on the upside as support at the .7110/00 congestion underpin. Higher will extend gains to retest the 17 April current year high at .7222. Clearance here will extend the bullish gains from the April 2025 year low and see room for extension to resistance at the .7280/.7300 area. Meanwhile, support at the .7110/00 area underpin and only break here will fade the upside pressure and see room for deeper corrective pullback to retrace rally from March low.