Published: 2026-04-06T07:43:32.000Z
Chart AUD/NZD Update: Poised for retest 1.2150 high
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Bounce from the 1.1930 support has seen rally to regain the 1.2100 level and expose the 1.2150 17 March current year high to retest
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2345 | * | 50% 2011/2015 fall | S1 | 1.2050 | * | congestion | |
| R3 | 1.2320 | ** | 2011 year low | S2 | 1.2000 | * | congestion | |
| R2 | 1.2200 | * | congestion | S3 | 1.1930 | ** | 24, 30 Mar lows | |
| R1 | 1.2150 | ** | 17 Mar YTD high | S4 | 1.1830/00 | * | 2 Mar low, congestion |
Asterisk denotes strength of level
07:35 GMT - Bounce from the 1.1930 support has seen rally to regain the 1.2100 level and expose the 1.2150 17 March current year high to retest. Overbought daily and weekly studies suggest reaction here likely but a later break cannot be ruled out to extend the underlying bull trend from the March 2020 year low. Higher will see room for extension to the 1.2200 congestion and 1.2320 resistance. Meanwhile, support is raised to the 1.2050/1.2000 congestion area which is expected to sustain bounce from the 1.1930 lows.