Published: 2025-07-17T06:56:55.000Z
Chart AUD/NZD Update: Under pressure from 1.0975/1.1000 resistance
Technical Analyst
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Limited on break above 1.0975 Fibonacci level as gains met with selling pressure below the 1.1000 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1055 | * | 76.4% Nov/Apr fall | S1 | 1.0900 | * | congestion | |
| R3 | 1.1030 | * | April high | S2 | 1.0850/40 | ** | congestion, Jun high | |
| R2 | 1.1000 | ** | Jan low, congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.0975 | * | 61.8% Nov/Apr fall | S4 | 1.0760/50 | * | 30 Jun low, congestion |
Asterisk denotes strength of level
07:00 GMT - Limited on break above 1.0975 Fibonacci level as gains met with selling pressure below the 1.1000 resistance. Pullback see support at the 1.0930/1.0900 congestion which should underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to strong support at the 1.0850/40, congestion and June high. Meanwhile, resistance at the 1.0975 Fibonacci level and 1.1000 level is expected to cap. Clearance will further extend the bullish gains from the April current year low and see room to 1.1030/1.1055, April high and 76.4% Fibionacci level.