Published: 2025-09-18T07:29:37.000Z
Chart AUD/NZD Update: Extending gains
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Consolidation below the 2024 year high at 1.1180 has given way to sharp break higher to reach 1.1240/50 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1490 | ** | Sep 2022 year high | S1 | 1.1180 | * | Nov 2024 year high | |
| R3 | 1.1370 | * | 10 Oct 2022 high | S2 | 1.1150 | ** | Jul 2024 high | |
| R2 | 1.1300 | * | figure | S3 | 1.1100 | * | congestion | |
| R1 | 1.1250 | ** | congestion, 76.4% | S4 | 1.1085 | ** | 9 Sep low |
Asterisk denotes strength of level
07:20 GMT - Consolidation below the 2024 year high at 1.1180 has given way to sharp break higher to reach the 1.1240/50, equidistant channel resistance from the December 2022 low and 76.4% Fibonacci level. Would expect reaction here as daily and weekly studies push deep into overbought area. Clearance here, if seen, will open up room for extension to ther 1.1300 level and 1.1370 resistance. Beyond these will turn focus to the 1.1490, 2022 year high. Meanwhile support at the 1.1180/1.1150 area now expected to underpin and limit corrective pullback.