Published: 2025-07-22T06:50:11.000Z
Chart AUD/NZD Update: Turned up from the 1.0910/00 support
Technical Analyst
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Steadied at the 1.0910/00 support and bounce here see prices back to retest 1.0950 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1055 | * | 76.4% Nov/Apr fall | S1 | 1.0910/00 | * | Mar low, congestion | |
| R3 | 1.1030 | * | April high | S2 | 1.0850/40 | ** | congestion, Jun high | |
| R2 | 1.0990/00 | ** | 16 Jul high, congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.0950 | * | congestion | S4 | 1.0760/50 | * | 30 Jun low, congestion |
Asterisk denotes strength of level
06:45 GMT - Steadied at the 1.0910/00 support and bounce here see prices back to retest 1.0950 congestion. Clearance here will return focus to the 1.0990 high and see room to further retrace the sharp February/April losses. Break will turn focus to the April high at 1.1030 and 1.1055, 76.4% Fibonacci level. Meanwhile, support at 1.0910/00 area now expected to underpin and limit corrective pullback. Would take break here to trigger deeper correction to the strong support at 1.0850/40, congestion and June high.