Published: 2025-11-03T06:03:18.000Z
Chart AUD/NZD Update: Break to fresh year high
1
Follow-through above the 1.1445 October high extend the broader gains from the 1.0470, December 2022 year low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1660 | * | Sep 2013 high | S1 | 1.1400 | * | congestion | |
| R3 | 1.1600 | congestion | S2 | 1.1350 | * | congestion | ||
| R2 | 1.1580 | * | Oct 2013 high | S3 | 1.1300 | ** | congestion | |
| R1 | 1.1490 | ** | Sep 2022 year high | S4 | 1.1275 | * | 17 Oct low |
Asterisk denotes strength of level
06:00 GMT - Break above the 1.1400 level has seen follow-through above the 1.1445 October high to extend the broader gains from the 1.0470, December 2022 year low. Focus now turn to the September 2022 year high at 1.1490, where reaction can be expected as daily studies stretched into overbought areas. However, a later break cannot be ruled out to extend bullish gains from the March 2020 parity level. Meanwhile, support is raised to the 1.1400 congestion which should underpin. Below this will open up room for deeper pullback to 1.1350/1.1300 area.