Published: 2025-05-28T07:05:02.000Z
Chart AUD/NZD Update: Weighing on 1.0800/1.0780 support
Technical Analyst
3
Weighing on the 1.0800/1.0780 support and scope seen for break here to extend losses from resistance at 1.0910/1.0930
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0930 | ** | Dec low | S1 | 1.0780 | ** | Sep low | |
| R3 | 1.0910 | * | 21 Mar low, 50% | S2 | 1.0750 | * | congestion | |
| R2 | 1.0882 | * | 22 May high | S3 | 1.0700 | * | congestion | |
| R1 | 1.0850 | * | congestion | S4 | 1.0650 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
06:55 GMT - Weighing on the 1.0800/1.0780 support and scope seen for break here to extend losses from resistance at 1.0910/1.0930, 50% Fibonacci level and December low. Negative daily studies suggest break here likely to see extension to the 1.0750/1.0700 congestion area. Lower still will see room to the 22 April YTD low at 1.0650 where reaction is expected. Meanwhile, resistance is lowered to 1.0850 congestion which is expected to cap and sustain losses from the 1.0910/1.0930 resistance.