Published: 2026-08-13T06:25:38.000Z
Chart AUD/NZD Update: Extending gains
2
Break above the 1.2050 level see prices extending bounce from the 1.1915 low as prices unwind oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2200 | * | congestion | S1 | 1.2050 | * | congestion | |
| R3 | 1.2150 | * | Mar high, congestion | S2 | 1.1980 | ** | Jun low | |
| R2 | 1.2130 | ** | 3 Jul low | S3 | 1.1950 | * | congestion | |
| R1 | 1.2100 | * | congestion | S4 | 1.1915 | ** | 3 Aug low |
Asterisk denotes strength of level
06:20 GMT - Break above the 1.2050 level see prices extending bounce from the 1.1915 low as prices unwind oversold daily studies. Break above the resistance at 1.2050 see room for stronger gains within the bear channel from the 1.2285 May current year high towards the 1.2100/30 congestion and 3 July low which is expected to cap. Corrective gains are expected to give way to renewed selling pressure later with support raised to 1.2050. Would take break here and the 1.2000/1.1980 congestion and June low to return focus to the downside for retest of 1.1930/1.1915, July and 3 August lows.