Published: 2026-07-28T07:34:52.000Z
Chart AUD/NZD Update: Extend corrective gains
1
Settling back from test of strong resistance at the 1.2100/30 area as prices unwind overbought intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2250 | * | Jun high | S1 | 1.2050 | * | congestion | |
| R3 | 1.2200 | * | congestion | S2 | 1.1980 | * | Jun low | |
| R2 | 1.2130 | ** | 3 Jul low | S3 | 1.1930 | ** | 14 Jul low | |
| R1 | 1.2100 | * | congestion | S4 | 1.1900 | congestion |
Asterisk denotes strength of level
07:25 GMT - Settling back from test of strong resistance at the 1.2100/30 area as prices unwind overbought intraday studies. Break here, if seen, will open up room for stronger gains to the 1.2200 congestion and trendline from the 1.2285 May current year high which is expected to cap. Meanwhile, support is raised to the 1.2050 congestion. Would take break here to return focus to the downside for retest of the 1.1980/1.1930 June and 14 July lows and threaten deeper pullback to retrace strong gains from the April 2025 low.