Published: 2025-09-15T06:50:51.000Z
Chart AUD/NZD Update: Pressuring 1.1180, 2024 year high
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Break above the 1.1150 resistance has seen extension to retest the 1.1180, November 2024 year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1370 | * | 10 Oct 2022 high | S1 | 1.1150 | * | congestion | |
| R3 | 1.1300 | * | figure | S2 | 1.1100 | * | congestion | |
| R2 | 1.1250 | * | congestion, 76.4% | S3 | 1.1085 | * | 9 Sep low | |
| R1 | 1.1180 | ** | Nov 2024 year high | S4 | 1.1050 | * | congestion |
Asterisk denotes strength of level
06:45 GMT - Break above the 1.1150 resistance has seen extension to retest the 1.1180, November 2024 year high. Pressure remains on the upside and break here will see room for extension to 1.1250, channel resistance from the December 2022 low as well as 76.4% Fibonacci level. Would expect reaction here as both the daily and weekly studies push deep into overbought areas. Clearance, if seen, will open up room for extension to the 1.1300 figure. Meanwhile support at the 1.1100/1.1085 area is expected to underpin. Failure here will open up room for deeper correction to 1.1050/1.1000 congestion.