Chart AUD/NZD Update: Turned up in consolidation from 1.1930 support
Turned higher in range from support at the 1.1930 late-March low as prices consolidate sharp losses from the 1.2255 June high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2200 | * | congestion | S1 | 1.1980 | * | Jun low | |
| R3 | 1.2130 | * | 3 Jul low | S2 | 1.1930 | ** | 27 Mar low | |
| R2 | 1.2100 | * | congestion | S3 | 1.1900 | * | congestion | |
| R1 | 1.2050 | * | 10 Jun low | S4 | 1.1860 | * | 4 Mar low |
Asterisk denotes strength of level
07:10 GMT - Turned higher in range from support at the 1.1930 late-March low as prices consolidate sharp losses from the 1.2255 June high. Gains above 1.1980 opens up room towards resistance at the 1.2050 congestion area and June 10 low. Breaking this will see room for stronger gains towards the 1.2100/30 resistance which is expected to cap. Corrective gains are expected to give way to renewed selling pressure later with support raised to 1.1980, June low. Below here will return focus to the 1.1930 support and where break will open up room for deeper pullback to retrace strong gains from the April 2025 low.