Published: 2026-09-22T07:36:34.000Z
Chart AUD/NZD Update: Rejection at 1.2490 high threatens reversal
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Reached fresh intraday high at 1.2490 ahead of pullback to threaten reversal of recent strong gains from the 1.1915 August low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2600 | * | congestion | S1 | 1.2370 | * | 9 Sep high | |
| R3 | 1.2550 | * | congestion | S2 | 1.2285 | ** | May high | |
| R2 | 1.2500 | ** | congestion | S3 | 1.2250 | * | congestion | |
| R1 | 1.2490 | intraday high | S4 | 1.2200 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Reached fresh intraday high at 1.2490 ahead of pullback to threaten reversal of recent strong gains from the 1.1915 August low. Daily studies have turned lower to unwind overbought readings and see room for pullback to support at the 1.2400 level then 1.2370 high of 9 September. Break of the latter will open up room for deeper pulllback to support at the 1.2250/1.2200 congestion area. Meanwhile, resistance at the 1.2490/1.2500 area now expected to cap. Clearance will extend the underlying bull trend from the 2020 year low.