Published: 2025-10-22T07:13:49.000Z
Chart AUD/NZD Update: Under pressure, 1.1300 level at risk
1
Under pressure as consolidation above the 1.1300 level met with selling pressure at the 1.1350/70 congestion area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1490 | ** | Sep 2022 year high | S1 | 1.1300 | * | congestion | |
| R3 | 1.1445 | ** | 8 Oct YTD high | S2 | 1.1250 | * | congestion | |
| R2 | 1.1400 | * | congestion | S3 | 1.1180 | ** | Nov 2024 year high | |
| R1 | 1.1350/70 | * | congestion | S4 | 1.1150/40 | * | Jul 2024 high, 38.2% |
Asterisk denotes strength of level
07:10 GMT - Under pressure as consolidation above the 1.1300 level met with selling pressure at the 1.1350/70 congestion area. Negative daily and weekly studies suggest room to extend pullback from the 1.1445 high and return below support at the 1.1300 congestion will see deeper pullback to retrace the April/October rally to support at 1.1250. Break here will turn focus to the strong support at the 1.1180/1.1150 area. Meanwhile, resistance at the 1.1350/70 congestion area is expected to cap and sustain pullback from 1.1445 high.