Published: 2026-08-20T06:49:42.000Z
Chart AUD/NZD Update: Under pressure, focus return to 1.1915 low
1
Break of support at the 1.2000/1.1980 area see prices extending pullback from the 1.2100 high of last week to reach 1.1950 support
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2150 | * | Mar high, congestion | S1 | 1.1950 | * | congestion | |
| R3 | 1.2130 | ** | 3 Jul low | S2 | 1.1915 | ** | 3 Aug low | |
| R2 | 1.2100 | * | congestion | S3 | 1.1900 | * | congestion | |
| R1 | 1.2050 | * | congestion | S4 | 1.1850 | * | congestion |
Asterisk denotes strength of level
06:40 GMT - Break of support at the 1.2000/1.1980 area see prices extending pullback from the 1.2100 high of last week to reach 1.1950 support. Daily studies have turned down from overbought areas and suggest scope for break here to expose the 1.1915 low to retest. While reaction at the latter can be expected, bearish price action from the 1.2285 May current year high suggest scope for break to open up deeper pullback to retrace the 2025/2026 rally. Meanwhile resistance at the 1.2000/1.2050 area now expected to cap and sustain losses from the 1.2100 high.