Published: 2025-08-14T07:30:58.000Z
Chart AUD/NZD Update: Extend consolidation above 1.0930 support
Technical Analyst
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Extending consolidation above support at the 1.0930 congestion
| 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 | 1.0980/90 | ** | 6 Aug, Jul highs | S4 | 1.0800 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Extending consolidation above support at the 1.0930 congestion with mixed daily studies suggesting further ranging action likely. Resistance is at the 1.0980/90 highs and clearance here needed to extend the broader gains from the 1.0650, April low. Higher will open up room for stronger gains to retrace the November/April losses and see room to 1.1030/55 resistance and 76.4% Fibonacci level. Meanwhile, support at the 1.0930/00 area should underpin. Would take break here to fade the upside pressure and see deeper pullback to the strong support at 1.0850/40, congestion and June high.