Published: 2026-11-05T05:57:16.000Z
Chart AUD/NZD Update: Under pressure
1
Leaning lower in consolidation to retest the 1.2400 level and risk seen for break here to extend pullback from the 1.2600, 28 October current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2682 | ** | Mar 2013 year high | S1 | 1.2400 | * | congestion | |
| R3 | 1.2650 | * | congestion | S2 | 1.2340 | * | 38.2% Aug/Oct rally | |
| R2 | 1.2600 | ** | 28 Oct YTD high | S3 | 1.2315 | * | 1 Oct low | |
| R1 | 1.2495 | * | 14 Oct high | S4 | 1.2270 | ** | 16 Oct low |
Asterisk denotes strength of level
06:00 GMT - Leaning lower in consolidation to retest the 1.2400 level and risk seen for break here to extend pullback from the 1.2600, 28 October current year high. Daily and weekly studies have turned down from overbought areas and threatens break to open up room for deeper pullback to retrace gains from the 1.1915 August low towards 1.2340, 38.2% Fibonacci retracement. Lower still, will return focus to the 1.2315 and 1.2270 lows. Meanwhile, resistance at the 1.2495 October high is expected to cap and sustain losses from the 1.2600 high.