Published: 2026-03-17T07:01:47.000Z
Chart AUD/NZD Update: Extending gains
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Consolidation at the 1.2100 level has given way to break to extend the bullish gains from the April low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2345 | * | 61.8% 2011/2020 fall | S1 | 1.2055/50 | * | 16 Mar low, congestion | |
| R3 | 1.2320 | ** | 2011 year low | S2 | 1.1980 | * | 3 Mar high | |
| R2 | 1.2200 | * | congestion | S3 | 1.1900 | * | congestion | |
| R1 | 1.2150 | * | congestion | S4 | 1.1830/00 | ** | 2 Mar low, congestion |
Asterisk denotes strength of level
07:00 GMT - Consolidation at the 1.2100 level has given way to break to extend the bullish gains from the April low. Bullish structure keep focus firmly on the upside and see room to further retrace losses from the 2011 year high. Higher will see extenion to the 1.2150/1.2200 congestion area. Above these will turn focus to strong resistance at 1.2320/1.2345, 2011 year low and 61.8% Fibonacci retracement. Meanwhile, support is raised to the 1.2055 low which should underpin. Only below this will see room for deeper correction to the 1.2000/1.1980 area and 1.1900 level.