Published: 2025-06-02T07:20:12.000Z
Chart AUD/NZD Update: Extend consolidation at 1.0750 support
Technical Analyst
1
Steadied at 1.0750 support as prices unwind oversold intraday studies and consolidate losses from the 1.0910/30 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0910 | ** | 21 Mar low, 50% | S1 | 1.0750 | * | congestion | |
| R3 | 1.0882 | * | 22 May high | S2 | 1.0700 | * | congestion | |
| R2 | 1.0850 | * | congestion | S3 | 1.0650 | ** | 22 Apr YTD low | |
| R1 | 1.0800 | * | congestion | S4 | 1.0600 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Steadied at 1.0750 support as prices unwind oversold intraday studies and consolidate losses from the 1.0910/30 resistance. However, negative daily studies suggest this giving way to break later to open up room for retest of 1.0700 congestion. Below here will return focus to the 1.0650, 22 April YTD low. Meanwhile, resistance is lowered to 1.0800 level which is expected to cap. Break here, will open up room for stronger corrective bounce to resistance at 1.0850/1.0882 area.