Published: 2025-01-13T08:15:30.000Z
Chart AUD/NZD Update: Leaning lower from 1.1090/1.1100 highs
Technical Analyst
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Little change, as prices extend choppy trade below the 1.1090/1.1100 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200 | * | congestion | S1 | 1.1050 | * | congestion | |
| R3 | 1.1180 | ** | Nov 2024 year high | S2 | 1.1000 | * | figure, congestion | |
| R2 | 1.1150/55 | * | congestion, Jul high | S3 | 1.0963 | * | 30 Oct low | |
| R1 | 1.1090 | ** | Oct high | S4 | 1.0935/33 | ** | 61.8%, 9 Dec low |
Asterisk denotes strength of level
08:10 GMT - Little change, as prices extend choppy trade below the 1.1090/1.1100 resistance. Daily studies have turned mixed and suggest consolidation here to give way to renewed selling pressure later. Clear break of the 1.1050 support will see room for deeper pullback to the 1.1000 congestion. Below the latter will return focus to the downside for retest of the 1.0933 low. Meanwhile, resistance at the 1.1090/1.1100 highs now expected to cap. Clearance here, if seen, will extend gains from the December low and open up scope for retest of the 1.1150 and 1.1180 highs.