Published: 2025-08-01T06:28:20.000Z
Chart AUD/NZD Update: Turned higher from 1.0910/00 support
Technical Analyst
-
Bounce at support at the 1.0910/00 area see prices turning up to retrace pullback from the 1.0990 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1055 | * | 76.4% Nov/Apr fall | S1 | 1.0910/00 | * | Mar low, 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
06:20 GMT - Bounce at support at the 1.0910/00 area see prices turning up to retrace pullback from the 1.0990 high. Daily studies have turned up from oversold reas and suggest scope for retest here. Clearance will see room for stronger gains to retrace the November/April losses to the 1.1030/50 resistance and 76.4% Fibonacci level. Meanwhile, support at the 1.0910/00 area should underpin. Below this open up room for deeper correction to the strong support at 1.0850/40, congestion and June high.