Published: 2025-08-29T06:43:19.000Z
Chart AUD/NZD Update: Failed to sustain probes above 1.1100
Technical Analyst
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Failed to sustain break above the 1.1100 level and channel resistance from the April low
| 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
06:35 GMT - Failed to sustain break above the 1.1100 level and channel resistance from the April low. The resulting pin bar at the 1.1125 high highlight scope for pullback 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 support at 1.1000/1.0990, congestion and July high. Meanwhile, close above the 1.1100 level needed to open up room for retest of the critical 1.1150/1.1180, July and November 2024 year highs.