Published: 2026-09-11T06:52:35.000Z
Chart AUD/NZD Update: Leaning lower from 1.2370, fresh year high
-
Settling back from the mid-week fresh year high at 1.2370 as prices unwind overbought intraday and daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2500 | ** | congestion | S1 | 1.2285 | ** | May high | |
| R3 | 1.2450 | * | congestion | S2 | 1.2250 | * | congestion | |
| R2 | 1.2400 | * | congestion | S3 | 1.2200 | * | congestion, 38.2% | |
| R1 | 1.2370 | ** | 9 Sep YTD high | S4 | 1.2150/40 | * | Mar high, 50% |
Asterisk denotes strength of level
06:45 GMT - Settling back from the mid-week fresh year high at 1.2370 as prices unwind overbought intraday and daily studies to test support at the 1.2285, May high. Negative daily studies suggest scope for break here to open up room for deeper correction of the gains from the 1.1915, August low. Lower will see room to the 1.2250/1.2200 area as well as 38.2% 61.8% Fibonacci retracement. Correction from the 1.2370 high is expected to give way to renewed buying interest later and break above the 1.2370 high will see room for extension to the 1.24001.2450 congestion area and the 1.2500 level.