Published: 2025-08-05T06:16:55.000Z
Chart AUD/NZD Update: Focus return to 1.0990 high
Technical Analyst
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Consolidation at the 1.0910/00 area finally gave way to rebound to return focus to the 1.0990 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1100 | * | congestion | S1 | 1.0910/00 | * | Mar low, congestion | |
| R3 | 1.1055 | * | 76.4% Nov/Apr fall | S2 | 1.0850/40 | ** | congestion, Jun high | |
| R2 | 1.1030 | * | April high | S3 | 1.0800 | * | congestion | |
| R1 | 1.0990/00 | ** | 16 Jul high, congestion | S4 | 1.0760/50 | * | 30 Jun low, congestion |
Asterisk denotes strength of level
06:20 GMT - Consolidation at the 1.0910/00 area finally gave way to rebound to return focus to the 1.0990 high. Daily studies have turned up from oversold areas and suggest scope for break here to open up room for stronger gains to retrace the November/April losses. Higher will to turn focus to the 1.1030/50 resistance and 76.4% Fibonacci level. Meanwhile, support at the 1.0910/00 area should underpin. Would take break here to see deeper correction to the strong support at 1.0850/40, congestion and June high.