Published: 2025-09-01T06:29:31.000Z
Chart AUD/NZD Update: Consolidating below 1.1100
Technical Analyst
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Little change, as prices remains in consolidation below the 1.1100 level after failing to sustain gains to the 1.1125 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1250 | * | 76.4% Sep/Dec 2022 fall | S1 | 1.1050 | * | congestion | |
| R3 | 1.1180 | ** | Nov 2024 year high | S2 | 1.1000/90 | * | congestion, Jul high | |
| R2 | 1.1150 | * | Jul 2024 high | S3 | 1.0930 | * | congestion, Dec low | |
| R1 | 1.1100 | * | congestion | S4 | 1.0900 | ** | congestion |
Asterisk denotes strength of level
06:20 GMT - Little change, as prices remains in consolidation below the 1.1100 level after failing to sustain gains to the 1.1125 high. The resulting pin back highlights scope for deeper pullback from the latter to unwind the overbought daily and weekly studies towards support at the 1.1050 congestion. Would take break here to open up room for deeper corrective pullback to strong support at 1.1000/1.0990, congestion and July high. Close above the 1.1100 level needed to see extension to retest the critical 1.1150/1.1180, July and November 2024 year highs.