Published: 2026-03-11T07:18:49.000Z
Chart AUD/NZD Update: Extending bullish break above 1.2000
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Extending bullish break above the 1.1980 resistance and the 1.2000 figure to reach fresh high at 1.2080
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2320 | * | 2011 year low | S1 | 1.1980 | * | 3 Mar high | |
| R3 | 1.2200 | * | congestion | S2 | 1.1900 | * | congestion | |
| R2 | 1.2150 | * | congestion | S3 | 1.1830/00 | ** | 2 Mar low, congestion | |
| R1 | 1.2100 | * | Jun 2013 high | S4 | 1.1700 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Extending bullish break above the 1.1980 resistance and the 1.2000 figure to reach fresh high at 1.2080. Bullish structure from the April low keep focus firmly on the upside and see room to further retrace losses from the 2011 high. Higher will see extenion to the 1.2100/50 area. Meanwhile, support is raised to the 1.2000/1.1980 area which should underpin. Only below here will see room for correction of the strong gains from the April low to support at the 1.1900 congestion and the 1.1830/1.1800 congestion.