Published: 2026-08-17T06:33:07.000Z
Chart AUD/NZD Update: Extend rejection from 1.2100/30 resistance
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Settled back from test of the 1.2100 level as prices retrace gains from the 1.1915, 3 August low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2150 | * | Mar high, congestion | S1 | 1.2000 | * | congestion | |
| R3 | 1.2130 | ** | 3 Jul low | S2 | 1.1980 | ** | Jun low | |
| R2 | 1.2100 | * | congestion | S3 | 1.1950 | * | congestion | |
| R1 | 1.2050 | * | congestion | S4 | 1.1915 | ** | 3 Aug low |
Asterisk denotes strength of level
06:30 GMT - Settled back from test of the 1.2100 level as prices retrace gains from the 1.1915, 3 August low. Below support at 1.2050 congestion has seen pullback to support at the 1.2000 congestion and 1.1980, June low. Would take break here to return focus to the downside for retest of the 1.1950 support then the 1.1915 low. Would expected reaction at the latter, but scope is seen for break here to open up room for deeper pullback to retrace gains from the April 2025 year low. Meanwhile, resistance is lowered to 1.2050 congestion which should sustain pullback from the 1.2100 high.