Published: 2026-05-08T07:06:30.000Z
Chart AUD/NZD Update: Leaning lower from the April high
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Break of the 1.2150 support see prices extending pullback from the 1.2235 April current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2300/10 | ** | congestion, 2011 yr low | S1 | 1.2100 | ** | 23 Apr low | |
| R3 | 1.2235 | ** | 29 apr YTD high | S2 | 1.2050 | ** | congestion | |
| R2 | 1.2200 | * | 8 Apr high, congestion | S3 | 1.2000 | * | congestion | |
| R1 | 1.2150 | * | Mar high | S4 | 1.1930 | ** | 27 Mar low |
Asterisk denotes strength of level
07:00 GMT - Break of the 1.2150 support see prices extending pullback from the 1.2235 April current year high. Lower will see room to strong support at 1.2100/1.2050, 23 April low and congestion area. Daily studies are unwinding overbought readings and suggest scope for break here to open up room for deeper pullback to the 1.2000 figure then the 1.1930, 27 March low. Meanwhile, resistance is lowered to 1.2150 March high which is expected to cap and sustain pullback from the 1.2235 April high. Clearance, if seen, will extend strong gains from the April 2025 year low.