Published: 2026-06-16T07:20:38.000Z
Chart AUD/NZD Update: Higher in consolidation
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Turned up from the 1.2050 low see prices back to retest recent high at 1.2165 as prices unwind oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2345 | * | 61.8% 2011/2020 fall | S1 | 1.2050 | * | congestion | |
| R3 | 1.2285 | ** | 26 May YTD high | S2 | 1.1980 | ** | 1 Jun high | |
| R2 | 1.2200 | * | 8 Apr high, congestion | S3 | 1.1930 | ** | 27 Mar low | |
| R1 | 1.2165 | ** | 3 Jun high | S4 | 1.1900 | congestion |
Asterisk denotes strength of level
07:15 GMT - Turned up from the 1.2050 low see prices back to retest recent high at 1.2165 to unwind oversold daily studies. However, corrective gains are expected to give way to renewed selling pressure later to extend the break of the wedge pattern in late-May to retest 1.2050 support. Below here will see room to retest support at the 1.2000/1.1980 congestion and 1st June low and extend losses from the 1.2285 May YTD high. Meanwhile, resistance at 1.2165 and extending to 1.2200 congestion are expected to cap.