Published: 2026-07-30T06:59:18.000Z
Chart AUD/NZD Update: Extending losses
1
Prices remains under pressure following rejection beneath resistance at 1.2130
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2130 | ** | 3 Jul low | S1 | 1.1930 | ** | 14 Jul low | |
| R3 | 1.2100 | * | congestion | S2 | 1.1900 | * | figure, congestion | |
| R2 | 1.2050 | * | congestion | S3 | 1.1850 | * | congestion | |
| R1 | 1.2000 | congestion | S4 | 1.1800 | * | congestion |
Asterisk denotes strength of level
06:50 GMT - Prices remains under pressure following rejection beneath resistance at 1.2130. Break of support at the 1.2000/1.1980 area return focus to the 1.1930 July low. While reaction here is expected, negative daily and weekly studies suggest scope for break to open up room for deeper pullback to retrace strong gains from the April 2025 year low to the 1.1900 level. Meanwhile, resistance is lowered to 1.2000 figure which extend to 1.2050 congestion. This area is expected to cap and sustain losses from the 1.2100/30 resistance.