Published: 2025-08-22T06:48:00.000Z
Chart AUD/NZD Update: Room to extend gains
Technical Analyst
1
Consolidating below the 1.1068 high but pressure remains on the upside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1150 | * | Jul 2024 high | S1 | 1.1000 | * | congestion | |
| R3 | 1.1100 | * | congestion | S2 | 1.0990 | * | Jul high | |
| R2 | 1.1090 | * | upper channel | S3 | 1.0930 | * | congestion, Dec low | |
| R1 | 1.1068 | * | 20 Aug high | S4 | 1.0900 | ** | congestion |
Asterisk denotes strength of level
06:45 GMT - Consolidating below the 1.1068 high but pressure remains on the upside and see scope for break to extend gains from the 1.0650, April current year low. Higher still, will further extend gains within the equidistant channel from the from the April low to target 1.1090 channel resistance and the 1.1100 level. Would expect reaction at these levels as daily and weekly studies extend into overbought areas. Meanwhile, support at the 1.1000/1.0990 congestion and July high, is expected to underpin and sustain bullish bounce from the 1.0930/00 support.