Published: 2026-10-22T05:42:42.000Z
Chart AUD/NZD Update: Extend consolidation above 1.2270 low
2
Remains above the 1.2315 support as prices consolidate losses from the 1.2495 high of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2600 | * | congestion | S1 | 1.2315 | * | 1 Oct low | |
| R3 | 1.2550 | * | congestion | S2 | 1.2270 | ** | 16 Oct low, 38.2% | |
| R2 | 1.2490/95 | ** | Sep, 14 Oct YTD high | S3 | 1.2200 | * | 50% Aug/Oct rally | |
| R1 | 1.2400 | * | congestion | S4 | 1.2150 | * | congestion |
Asterisk denotes strength of level
05:45 GMT - Remains above the 1.2315 support as prices consolidate losses from the 1.2495 high of last week and unwind oversold intraday and daily studies. Corrective bounce is expected to give way to renewed selling pressure later and lower will see room for deeper pullback to retrace gains from the 1.1915, August low. Break of support at the 1.2285/1.2270 support will see room for deeper pullback to the 1.2200 congestion and 50% Fibonacci retracement. Meanwhile, resistance at the 1.2400 congestion is expected to cap and sustain losses from the 1.2490/1.2495 double top.