Published: 2025-09-11T06:34:09.000Z
Chart AUD/NZD Update: Focus remains on the 1.1150/80 highs
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Limited on break of the 1.1100 congestion with rebound from the 1.1085 low returning focus to upside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1300 | * | figure | S1 | 1.1085 | * | 9 Sep low | |
| R3 | 1.1250 | * | congestion, 76.4% | S2 | 1.1050 | * | congestion | |
| R2 | 1.1180 | ** | Nov 2024 year high | S3 | 1.1000/90 | * | congestion, Jul high | |
| R1 | 1.1150 | * | Jul 2024 high | S4 | 1.0920/00 | ** | May high, congestion |
Asterisk denotes strength of level
06:25 GMT - Limited on break of the 1.1100 congestion with rebound from the 1.1085 low returning focus to upside. Bullish momentum suggest scope for break of the 1.1150 resistance to expose the 1.1180 November 2024 year high to retest. Would expected reaction on retest as daily and weekly studies push into overbought areas. Clearance, if seen, will open up room for extension to the 1.1200 level and 1.1250, 76.4% Fibonacci level. Meanwhile support at 1.1100/1.1085 area should underpin. Failure here will open up room for correction to the 1.1050 and 1.1000 congestion.