Published: 2025-10-17T07:43:58.000Z
Chart AUD/NZD Update: Extending pullback from 1.1445 current year high
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Consolidation above the 1.1310/00 support has given way to break to confirm a top pattern at the 1.1445 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1490 | ** | Sep 2022 year high | S1 | 1.1250 | * | congestion | |
| R3 | 1.1445 | ** | 8 Oct YTD high | S2 | 1.1180 | ** | Nov 2024 year high | |
| R2 | 1.1400 | * | congestion | S3 | 1.1150/40 | * | Jul 2024 high, 38.2% | |
| R1 | 1.1350/70 | * | congestion | S4 | 1.1100 | * | congestion |
Asterisk denotes strength of level
07:45 GMT - Consolidation above the 1.1310/00 support has given way to break to confirm a top pattern at the 1.1445 high and open up room for deeper pullback to unwind overbought daily and weekly studies. Lower will see room for deeper pullback to retrace the April/October rally to support at the 1.1250 congestion. Below this will turn focus to the strong support at the 1.1180/1.1150 area. Meanwhile, resistance is lowered to 1.1350/70 congestion area which is expected to cap and sustain pullback from the 1.1445, current year high.