Published: 2025-02-19T07:09:02.000Z
Chart AUD/NZD Update: Consolidating, still scope to retest 1.1150/1.1180 highs
Technical Analyst
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Saw retest of the 1.1140/50 highs with follow-through falling just shy of the 1.1180, 2024 year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1250 | * | 76.4% 2022 fall | S1 | 1.1100 | * | Jan high | |
| R3 | 1.1200 | * | congestion | S2 | 1.1070 | * | 14 Feb low | |
| R2 | 1.1180 | ** | Nov 2024 year high | S3 | 1.1050 | * | congestion | |
| R1 | 1.1150/55 | * | congestion, Jul high | S4 | 1.1000 | ** | 30 Jan YTD low |
Asterisk denotes strength of level
07:00 GMT - Saw retest of the 1.1140/50 highs with follow-through falling just shy of the 1.1180, 2024 year high. Prices has since settled back ito consolidate below the 1.1150 resistance. However, the upside remains in focus and further test here and the 1.1180 high cannot be ruled out. Clearance, if seen, will extend the broader gains from the 2022 year low and see scope to 1.1200 level then the 1.1250, 76.4% Fibonacci level. Meanwhile, support at the 1.1070 low which extend to the 1.1050 congestion should now underpin and sustain gains from the 1.1000, 30 January YTD low.