Published: 2026-05-26T06:45:46.000Z
Chart AUD/NZD Update: Pressuring 1.2250 current year high
1
Extend bounce from the 1.2135 low to retest the current year high of last week at 1.2250 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2400 | * | congestion | S1 | 1.2200 | * | 8 Apr high, congestion | |
| R3 | 1.2345 | * | 61.8% 2011/2020 fall | S2 | 1.2135/15 | ** | 21, 8 May lows | |
| R2 | 1.2300/10 | * | congestion, 2011 yr low | S3 | 1.2050 | * | congestion | |
| R1 | 1.2250 | ** | 15 May YTD high | S4 | 1.2000 | * | congestion |
Asterisk denotes strength of level
06:45 GMT - Extend bounce from the 1.2135 low to retest the current year high of last week at 1.2250 high. Positive daily and weekly studies keep pressure on the upside and clearance will extend the bullish gains from the April 2025 year low. Higher will see room to the 1.2300/10 congestion and 1.2345, 61.8% Fibonacci level. Meanwhile, support is raised to the 1.2200 level which should underpin and sustain bounce from the 1.2135/15 recent lows. Would take break of the latter to fade the upside pressure and open up room for deeper pullback to strong support at the 1.2050/00 area.