Published: 2026-07-02T06:54:06.000Z
Chart AUD/NZD Update: Retracing the June gains
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Under pressure as prices extend pullback from the 1.2255 high of last week
| 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
06:45 GMT - Under pressure as prices extend pullback from the 1.2255 high of last week. Daily studies have turned down from the overbought areas and break of the 1.2165/50 support suggest scope for deeper pullback to retrace gains from the 1.1980 low. Lower will see room to the 1.2100/1.2050 congestion area. Below this will turn focus to strong support at 1.2000 level and 1.1980 June low. Meanwhile, resistance is lowered to 1.2200 level which is expected to cap and sustain losses from the 1.2255 high.