Published: 2026-10-14T06:13:18.000Z
Chart AUD/NZD Update: Bullish above 1.2400 support
1
Consolidation above the 1.2400 level keeps pressure on the upside and see scope for retest of the 1.2490, September current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2600 | * | congestion | S1 | 1.2400 | * | congestion | |
| R3 | 1.2550 | * | congestion | S2 | 1.2315 | * | 1 Oct low | |
| R2 | 1.2500 | ** | congestion | S3 | 1.2285 | ** | May high | |
| R1 | 1.2490 | ** | 22 Sep YTD high | S4 | 1.2250 | * | congestion |
Asterisk denotes strength of level
06:00 GMT - Consolidation above the 1.2400 level keeps pressure on the upside and see scope for retest of the 1.2490, September current year high. Positive daily studies suggest scope for break here to extend the underlying bull trend from the 2020 year low. Clearance here will see scope for extension to resistance at the 1.2550/1.2600 congestion area. Meanwhile, support at the 1.2400 level should underpin. Below here will ease the upside pressure and open up room for retest of the 1.2315 swing low and 1.2285, May high.