Published: 2026-07-10T07:40:31.000Z
Chart AUD/NZD Update: Extending losses
1
Sharply lower following break of support at the 1.2150/30 congestion and low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2255 | ** | 22 Jun high | S1 | 1.2000 | * | congestion | |
| R3 | 1.2200 | * | 8 Apr high, congestion | S2 | 1.1980 | ** | Jun low | |
| R2 | 1.2130/50 | ** | 3 Jul low, congestion | S3 | 1.1930 | * | 27 Mar low | |
| R1 | 1.2100 | congestion | S4 | 1.1900 | congestion |
Asterisk denotes strength of level
07:30 GMT - Sharply lower following break of support at the 1.2150/30 congestion and low of last week to approach the 1.2000 congestion and 1.1980, June low. Would expect reaction at the latter but negative daily and weekly studies suggest consolidation giving way to renewed selling pressure later to retrace gains from the April 2025 year low. Lower will see extension to the 1.1930/1.1900 area then the 1.1800 level. Meanwhile, resistance at the 1.2100 level and extending to the 1.2130/50 congestion area is expected to cap corrective bounce.