Published: 2026-04-30T07:32:34.000Z
Chart AUD/NZD Update: Extending gains
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Break above 1.2200 level extend bounce from the 1.2100 low of last week to reach fresh year high at 1.2235
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2400 | * | congestion | S1 | 1.2100 | * | 23 Apr low | |
| R3 | 1.2350 | * | 61.8% 2011/2020 fall | S2 | 1.2050 | ** | figure, congestion | |
| R2 | 1.2300/10 | ** | congestion, 2011 yr low | S3 | 1.2000 | * | congestion | |
| R1 | 1.2235 | ** | 29 Apr YTD high | S4 | 1.1930 | ** | 27 Mar low |
Asterisk denotes strength of level
07:30 GMT - Break above 1.2200 level extend bounce from the 1.2100 low of last week to reach fresh year high at 1.2235. Pressure remains on the upside and higher will further extend bullish gains from the April 2025 year low and see room for extension to strong resistance at the 1.2300/10 congestion and the 1.2350, 61.8% Fibonacci retracement. Meanwhile, support at the 1.2150/1.2100 congestion area should underpin. Only below here will open up room for deeper corrective pullback to 1.2050/1.2000 congestion area and 1.1930, 27 March swing low.