Published: 2025-08-18T06:33:46.000Z
Chart AUD/NZD Update: Extending gains to retest 1.0990, July high
Technical Analyst
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Extending gains from the 1.0900 level to retest the 1.0990 high of July
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1100 | * | congestion | S1 | 1.0930 | * | congestion, Dec low | |
| R3 | 1.1055 | * | 76.4% Nov/Apr fall | S2 | 1.0900 | ** | congestion | |
| R2 | 1.1030 | * | April high | S3 | 1.0850/40 | * | congestion, Jun high | |
| R1 | 1.0990/00 | ** | Jul high, congestion | S4 | 1.0800 | * | congestion |
Asterisk denotes strength of level
06:30 GMT - Extending gains from the 1.0900 level to retest the 1.0990 high of July. Clearance here will open up room to extend the broader gains from the 1.0650 low retrace the November/April losses and see room to the 1.1030/55 resistance and 76.4% Fibonacci level. Meanwhile, support at the 1.0930 and 1.0900 level are expected to underpin and sustain gains from the April low. Only failure here will fade the upside pressure and see pullback to the strong support at 1.0850/40, congestion and June high.