Published: 2026-04-29T06:48:06.000Z
Chart AUD/NZD Update: Extending gains
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Still extending gains with break of the 1.2200, 8 April high, further extending the bullish gains from the April 2025 year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2400 | * | congestion | S1 | 1.2100 | * | 23 Apr low | |
| R3 | 1.2350 | * | 61.8% 2011/2020 fall | S2 | 1.2050 | ** | figure, congestion | |
| R2 | 1.2300/10 | ** | congestion, 2011 yr low | S3 | 1.2000 | * | congestion | |
| R1 | 1.2230 | intraday high | S4 | 1.1930 | ** | 27 Mar low |
Asterisk denotes strength of level
06:40 GMT - Still extending gains with break of the 1.2200, 8 April high, further extending the bullish gains from the April 2025 year low. Higher will see room for extension to strong resistance at the 1.2300/10 congestion and the 1.2350, 61.8% Fibonacci retracement. Meanwhile, support remains at the 1.2100 level and extending to the 1.2050 congestion area which should underpin. Only below here will ease the upside pressure and open up room for deeper corrective pullback to support at the 1.2000 figure and 1.1930, 27 March swing low.