Published: 2025-10-15T06:47:09.000Z
Chart AUD/NZD Update: Poised for retest of 1.1400/45 resistance
1
Bounce from the 1.1310/00 support keep pressure on the upside and see prices poised for retest of the 1.1400 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1580 | * | Oct 2013 high | S1 | 1.1310/00 | ** | 6 Oct low, congestion | |
| R3 | 1.1490 | ** | Sep 2022 year high | S2 | 1.1250 | * | congestion | |
| R2 | 1.1445 | ** | 8 Oct YTD high | S3 | 1.1180 | ** | Nov 2024 year high | |
| R1 | 1.1400 | * | congestion | S4 | 1.1150 | * | congestion |
Asterisk denotes strength of level
06:40 GMT - Bounce from the 1.1310/00 support keep pressure on the upside and see prices poised for retest of the 1.1400 level. Break here will open up the 1.1418/1.1445, the September and 8 October current year high to retest. However, overbought daily and weekly studies suggest this area expected to cap and lower high sought for pullback to retrace the April/October rally. Would take break of the 1.1310/00 support trigger a top pattern at the 1.1445 high and see room for pullback to 1.1250 congestion then the strong support at 1.1180/1.1150 the area.