Published: 2026-02-24T07:37:58.000Z
Chart AUD/NZD Update: Room to extend gains
-
Stays supported above the 1.1800 level and scope seen for further gains to extend bullish gains from the April 2025 year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2140 | * | Feb 2013 low | S1 | 1.1800 | * | congestion | |
| R3 | 1.2100 | * | Jun 2013 high | S2 | 1.1750 | * | congestion | |
| R2 | 1.2000 | ** | figure, congestion | S3 | 1.1700/80 | * | congestion, 17 Feb low | |
| R1 | 1.1900 | * | 50% 2011/2020 fall | S4 | 1.1635/00 | ** | Nov 2025 yr high, congestion |
Asterisk denotes strength of level
07:30 GMT - Stays supported above the 1.1800 level and scope seen for further gains to extend bullish gains from the April 2025 year low. Higher will see room to further retrace the 2011/2020 losses to target the 1.1900 level and 50% Fibonacci level. Beyond this will see room for extension to the 1.2000 figure where reaction can be expected. Meanwhile, support at the 1.1800 level should underpin. Would take break here to ease the upside pressure and open up room for deeper corrective pullback to strong support at 1.1700/1.1635 previous highs.