Published: 2025-08-27T07:13:40.000Z
Chart AUD/NZD Update: Retest 1.1100, but stretched
Technical Analyst
-
Still stretching with gains retesting the 1.1100 level and April equidistant channel resistance
| 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
07:10 GMT - Still stretching with gains retesting the 1.1100 level and April equidistant channel resistance. Daily and monthly studies are still tracking higher but pushing into overbought areas and caution corrective pullback. Higher, if seen, will see room to retest the 1.1150/1.1180, July and November 2024 year highs. Meanwhile, support is raised to the 1.1050 congestion which should underpin. Would take break here to open up room for deeper corrective pullback to support at 1.1000/1.0990, congestion and July high.