Published: 2026-02-20T07:18:08.000Z
Chart AUD/NZD Update: Extending gains
1
Break above resistance at the 1.1800/20 congestion see prices reaching fresh year high at 1.1835
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2140 | * | Feb 2013 low | S1 | 1.1800 | * | congestion | |
| R3 | 1.2100 | * | Jun 2013 high | S2 | 1.1750 | * | congestion | |
| R2 | 1.2000 | ** | figure, congestion | S3 | 1.1700/80 | * | congestion, 17 Feb low | |
| R1 | 1.1900 | * | 50% 2011/2020 fall | S4 | 1.1635/00 | ** | Nov 2025 yr high, congestion |
Asterisk denotes strength of level
07:15 GMT - Break above resistance at the 1.1800/20 congestion see prices reaching fresh year high at 1.1835. Bullish structure from the April 2025 year low keeps pressure on the upside and higher will see room to further retrace the 2011/2020 losses to the 1.1900 level and 50% Fibonacci level. Higher still, will see room to the 1.2000 figure. Meanwhile, support is raised to 1.1800/1.750 congestion area which should underpin. Would take break to ease the upside pressure and see deeper pullback to support at 1.1700/1.1635 previous highs.