Published: 2025-07-03T07:15:42.000Z
Chart AUD/NZD Update: Extend choppy gains from June low
Technical Analyst
1
Break above resistance at the 1.0800 congestion see prices extending bounce from the 1.0760/50 area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0930 | ** | Dec low | S1 | 1.0800 | * | congestion | |
| R3 | 1.0910 | ** | 21 Mar high, 50% | S2 | 1.0760/50 | * | 30 Jun low, congestion | |
| R2 | 1.0882 | * | 22 May high | S3 | 1.0725 | ** | 3 Jun low | |
| R1 | 1.0840/50 | * | 23 Jun high, congestion | S4 | 1.0700 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Break above resistance at the 1.0800 congestion see prices extending bounce from the 1.0760/50 area. Focus return to the 1.0840 high and clearance here and the 1.0850 congestion will open up room for retest of resistance at 1.0910, March high and 50% Fibonacci level. Above the latter will further retrace the February/April losses. Meanwhile, support is raised to the 1.0800 congestion which is expected to underpin. Only below here will return focus to the downside for retest of the June lows at the 1.0760/50 area and 1.0725.