Published: 2025-10-24T07:23:13.000Z
Chart AUD/NZD Update: Weighing on the 1.1300 level, break in focus
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Extending consolidation at the 1.1300 level but choppy pullback from the 1.1445 high keep pressure on the downside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1490 | ** | Sep 2022 year high | S1 | 1.1300 | * | congestion | |
| R3 | 1.1445 | ** | 8 Oct YTD high | S2 | 1.1250 | * | congestion | |
| R2 | 1.1400 | * | congestion | S3 | 1.1180 | ** | Nov 2024 year high | |
| R1 | 1.1350/70 | * | congestion | S4 | 1.1150/40 | * | Jul 2024 high, 38.2% |
Asterisk denotes strength of level
07:20 GMT - Extending consolidation at the 1.1300 level but choppy pullback from the 1.1445 high keep pressure on the downside. Break of the 1.1300 level will confirm a top in place at the 1.1445 high and see pullback to retrace the April/October rally to support at 1.1250. Break here will turn focus to the strong support at 1.1180/1.1150, 2024 year high and 38.2% Fibonacci level. Meanwhile, resistance at the 1.1350/70 congestion area is expected to cap and sustain pullback from 1.1445 high.