Published: 2026-10-27T05:48:33.000Z
Chart AUD/NZD Update: Consolidating, room for lower later
1
Little change, as prices extend consolidation above 1.2315 support following bounce from the 1.2270 low of 16 October
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2600 | * | congestion | S1 | 1.2315 | * | 1 Oct low | |
| R3 | 1.2550 | * | congestion | S2 | 1.2270 | ** | 16 Oct low, 38.2% | |
| R2 | 1.2490/95 | ** | Sep, 14 Oct YTD high | S3 | 1.2200 | * | 50% Aug/Oct rally | |
| R1 | 1.2400 | * | congestion | S4 | 1.2150 | * | congestion |
Asterisk denotes strength of level
05:50 GMT - Little change, as prices extend consolidation above 1.2315 support following bounce from the 1.2270 low of 16 October. Corrective bounce from the latter is expected to give way to renewed selling pressure later to extend pullback from the 1.2490/95 double top and retrace strong gains from the 1.1915, August low. Below 1.2270 low will see room for deeper pullback to the 1.2200 level and 50% Fibonacci retracement. Meanwhile, resistance at the 1.2400 congestion is expected to cap and sustain losses from the 1.2495, 14 October current year high.