Published: 2026-07-03T07:29:41.000Z
Chart AUD/NZD Update: Extending losses
2
Under pressure as prices extend pullback from the 1.2255 June high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2300 | * | congestion | S1 | 1.2100 | * | congestion | |
| R3 | 1.2285 | ** | 26 May YTD high | S2 | 1.2050 | ** | 10 Jun low | |
| R2 | 1.2255 | * | 22 Jun high | S3 | 1.2000 | * | congestion | |
| R1 | 1.2200 | ** | 8 Apr high, congestion | S4 | 1.1980 | ** | Jun low |
Asterisk denotes strength of level
07:25 GMT - Under pressure as prices extend pullback from the 1.2255 June high. Break of the 1.2165/50 congestion area and channel support open up room for deeper pullback to retrace gains from the 1.1980 June low. Lower will see room to support at the 1.2100/1.2050 congestion area. Below this will return focus to the 1.1980 June low and threatens break to extend losses from the 1.2285 May current year high. Meanwhile, resistance is lowered to 1.2200 level which is expected to cap and sustain losses from the 1.2255 high.