Published: 2025-12-05T07:57:46.000Z
Chart AUD/NZD Update: Retracing November losses
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Higher in consolidation from support at the 1.1400 congestion as prices unwind oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1660 | * | Sep 2013 high | S1 | 1.1400 | * | congestion | |
| R3 | 1.1600/35 | ** | congestion, 13 Nov YTD high | S2 | 1.1350 | * | congestion | |
| R2 | 1.1570 | * | 20 Nov high | S3 | 1.1300 | * | congestion | |
| R1 | 1.1500 | * | congestion | S4 | 1.1260 | * | 38.2% Apr/Nov rally |
Asterisk denotes strength of level
07:50 GMT - Higher in consolidation from support at the 1.1400 congestion as prices unwind oversold daily studies. Break above the 1.1445/50 resistance opens up room for stronger gains to retrace losses from the November high towards the 1.1500 level which is expected to cap. Corrective gains are expected to give way to renewed selling pressure later to extend losses from the 1.1635 high. Below the 1.1400 level will open up room for deeper pullback to retrace the April/November rally and see room to 1.1350/00 congestion then 1.1260, 38.2% Fibonacci level.