Published: 2025-07-23T07:29:45.000Z
Chart AUD/NZD Update: Under pressure, weighing on 1.0910/00 support
Technical Analyst
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Shallow bounce from the 1.0910/00 support has met with selling pressure at 1.0950 congestive resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1055 | * | 76.4% Nov/Apr fall | S1 | 1.0910/00 | * | Mar low, congestion | |
| R3 | 1.1030 | * | April high | S2 | 1.0850/40 | ** | congestion, Jun high | |
| R2 | 1.0990/00 | ** | 16 Jul high, congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.0950 | * | congestion | S4 | 1.0760/50 | * | 30 Jun low, congestion |
Asterisk denotes strength of level
07:30 GMT - Shallow bounce from the 1.0910/00 support has met with selling pressure at 1.0950 congestive resistance. Negative daily studies suggest room for deeper pullback to extend losses from the 1.0990 high to retrace gains from the 1.0750/25, June lows. Below 1.0910/00 area will trigger deeper correction to the strong support at 1.0850/40, congestion and June high. Meanwhile, resistance is lowered to the 1.0950 congestion which is expected to cap and sustain losses from 1.0990 high.