Published: 2026-04-24T06:39:40.000Z
Chart AUD/NZD Update: Pressure remains on the upside
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Bounce from the 1.2100 level to clear the 1.2150 resistance return focus to the 1.2200, 8 April current year high
| 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 | 1.2200 | ** | 8 Apr YTD high | S4 | 1.1930 | ** | 27 Mar low |
Asterisk denotes strength of level
06:35 GMT - Bounce from the 1.2100 level to clear the 1.2150 resistance return focus to the 1.2200, 8 April current year high. Break here will further extend the bullish gains from the April 2025 year low and see room for extension to resistance at the 1.2300/10 congestion and 1.2350, 61.8% Fibonacci retracement. Meanwhile, support remains at the 1.2100/1.2050 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.