Published: 2025-08-20T06:05:35.000Z
Chart AUD/NZD Update: Shaply higher through 1.1000
Technical Analyst
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Consolidation above the 1.0930 support has given way to sharp rally through the July high at 1.0990 to reach the 1.1055, 76.4% Fibonacci level.
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1150 | * | Jul 2024 high | S1 | 1.1000 | * | congestion | |
| R3 | 1.1100 | * | congestion | S2 | 1.0990 | * | Jul high | |
| R2 | 1.1080 | * | upper channel | S3 | 1.0930 | * | congestion, Dec low | |
| R1 | 1.1050/55 | * | congestion, 76.4% | S4 | 1.0900 | ** | congestion |
Asterisk denotes strength of level
06:00 GMT - Consolidation above the 1.0930 support has given way to sharp rally through the July high at 1.0990 to reach the 1.1055, 76.4% Fibonacci level. Higher will see room to extend gain to the channel resistance from the April low at 1.1080 and the 1.1100 level. Would expect reaction at these levels as daily and weekly studies extend into overbought areas. Meanwhile, support is raised to the 1.1000/1.0990 congestion and July high, which is expected to underpin and sustain bullish bounce from the 1.0930/00 support.