Published: 2025-06-30T06:52:01.000Z
Chart AUD/NZD Update: Under pressure, room to retest 1.0750/1.0725
Technical Analyst
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Prices remains under pressure to extend losses from the 1.0840 bounce high of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0910 | ** | 21 Mar high, 50% | S1 | 1.0750 | * | congestion | |
| R3 | 1.0882 | * | 22 May high | S2 | 1.0725 | ** | 3 Jun low | |
| R2 | 1.0850 | * | congestion | S3 | 1.0700 | * | congestion | |
| R1 | 1.0800 | * | congestion | S4 | 1.0650 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
06:50 GMT - Prices remains under pressure to extend losses from the 1.0840 bounce high of last week. Scope is seen for retest of support at the 1.0750 congestion and 1.0725, 3 Jun low. Below the latter will extend the broader losses from 1.0910/1.0930 resistance area and see room for retest of the 1.0700 congestion. Lower still, will return focus to the 1.0650, 22 April current year low. Meanwhile, resistance at 1.0800 congestion is expected to cap. Clearance here is needed to open up room for retest of resistance at the 1.0850 congestion.