Published: 2026-10-07T05:49:39.000Z
Chart AUD/NZD Update: Poised for retest of 1.2490 high
1
Bounce from the 1.2315 low to regain the 1.2400 level revive upside focus for retest of the 1.2490, September 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
05:45 GMT - Bounce from the 1.2315 low to regain the 1.2400 level revive upside focus for retest of the 1.2490, September year high. Would expect reaction at the latter but positive daily studies suggest scope for break to extend the underlying bull trend from the 2020 year low. Clearance here will see room to resistance at the 1.2550/1.2600 congestion area. Meanwhile, support at the 1.2400 level and extending to 1.2315 low should underpin. Would take break here to open up room for deeper pulllback to retrace gains from the 1.1915 August low to 1.2285/1.2250 congestion area.