Published: 2025-02-18T06:57:32.000Z
Chart AUD/NZD Update: Poised for retest of 1.1150/55 resistance
Technical Analyst
-
Bounce from the 1.1070 support to regain the 1.1100 level see pressure returning to the 1.1140 high of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1250 | * | 76.4% 2022 fall | S1 | 1.1070 | * | 14 Feb low | |
| R3 | 1.1200 | * | congestion | S2 | 1.1050 | * | congestion | |
| R2 | 1.1180 | ** | Nov 2024 year high | S3 | 1.1000 | ** | 30 Jan YTD low | |
| R1 | 1.1150/55 | * | congestion, Jul high | S4 | 1.0950/33 | ** | congestion, Dec low |
Asterisk denotes strength of level
06:50 GMT - Bounce from the 1.1070 support to regain the 1.1100 level see pressure returning to the 1.1140 high of last week. Break here and then 1.1150/55 congestion area will see scope for extension to retest the 1.1180, 2024 year high. Clearance here will extend the broader gains from the 2022 year low and see scope to 1.1250, 76.4% Fibonacci level. Meanwhile, support at the 1.1070 low and 1.1050 congestion should now underpin limit and sustain gains from the 1.1000, 30 January YTD low.