Published: 2025-07-18T06:33:18.000Z
Chart AUD/NZD Update: Under pressure, extending pullback from 1.0990 high
Technical Analyst
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Extending rejection from the 1.0990 mid-week as prices unwind the overbought intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1055 | * | 76.4% Nov/Apr fall | S1 | 1.0900 | * | congestion | |
| R3 | 1.1030 | * | April high | S2 | 1.0850/40 | ** | congestion, Jun high | |
| R2 | 1.0990/00 | ** | 16 Jul high, congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.0950 | * | congestion | S4 | 1.0760/50 | * | 30 Jun low, congestion |
Asterisk denotes strength of level
06:30 GMT - Extending rejection from the 1.0990 mid-week as prices unwind the overbought intraday and daily studies. Pullback see nearby support at the 1.0900 congestion where break will open up room for extension to strong support at the 1.0850/40, congestion and June high. Meanwhile, resistance at the 1.0950 congestion and extending to the 1.0990 high is now expected to cap. Break will further extend the bullish gains from the April current year low and see room to 1.1030/1.1055, April high and 76.4% Fibionacci level.