Published: 2025-08-15T07:27:28.000Z
Chart AUD/NZD Update: Extend choppy gains from 1.0930/00 support
Technical Analyst
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Extending choppy gains from support at the 1.0900/1.0930 area to retest the 1.0980/90 highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1100 | * | congestion | S1 | 1.0930 | * | congestion, Dec low | |
| R3 | 1.1055 | * | 76.4% Nov/Apr fall | S2 | 1.0900 | ** | congestion | |
| R2 | 1.1030 | * | April high | S3 | 1.0850/40 | * | congestion, Jun high | |
| R1 | 1.0980/90 | ** | 6 Aug, Jul highs | S4 | 1.0800 | * | congestion |
Asterisk denotes strength of level
07:20 GMT - Extending choppy gains from support at the 1.0900/1.0930 area to retest the 1.0980/90 highs. Clearance here will open up room to extend the broader gains from the 1.0650 low retrace the November/April losses to the 1.1030/55 resistance and 76.4% Fibonacci level. Meanwhile, support at the 1.0930/00 area is expected to underpin and sustain gains from the April low. Only failure here will fade the upside pressure and see deeper pullback to the strong support at 1.0850/40, congestion and June high.