Published: 2026-09-07T06:54:14.000Z
Chart AUD/NZD Update: Poised for retest of 1.2285, May YTD high
1
Extending consolidation beneath the 1.2285 May current year high but pressure remains on the upside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2400 | * | congestion | S1 | 1.2200 | congestion | ||
| R3 | 1.2345 | * | 61.8% 2011/2020 fall | S2 | 1.2130/00 | ** | congestion, 13 Aug high | |
| R2 | 1.2300 | * | congestion | S3 | 1.2050 | * | congestion | |
| R1 | 1.2285 | ** | 26 May YTD high | S4 | 1.1980 | ** | Jun low |
Asterisk denotes strength of level
06:45 GMT - Extending consolidation beneath the 1.2285 May current year high but pressure remains on the upside and see scope for break here to extend gains from the 1.1915 August swing low. Break will see room to further retrace losses from the 2011 year high to the 1.2300 level. Clearance here will see room to target 1.2345. 61.8% Fibonacci level. Higher still, will see scope to 1.2400 congestion. Meanwhile, support remains at the 1.2200 level. Below here will open up room for deeper correction to strong support at the 1.2130/1.2100 congestion which should underpin.