Published: 2025-09-05T06:41:50.000Z
Chart AUD/NZD Update: Extending gains to retest 1.1150/80
Technical Analyst
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Break of the 1.1100 level has seen gains to retest thee July 2024 high at 1.1150
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1300 | * | figure | S1 | 1.1100 | * | congestion | |
| R3 | 1.1250 | * | congestion, 76.4% | S2 | 1.1050 | * | congestion | |
| R2 | 1.1180 | ** | Nov 2024 year high | S3 | 1.1000/90 | * | congestion, Jul high | |
| R1 | 1.1150 | * | Jul 202 high | S4 | 1.0920/00 | ** | May high, congestion |
Asterisk denotes strength of level
06:35 GMT - Break of the 1.1100 level has seen gains to retest thee July 2024 high at 1.1150. Above here will see room to the 1.1180, November 2024 year high, where reaction is expected to unwind the deep overbought daily and weekly studies. Clearance here, if seen, will open up room for extension to the 1.1200 level and 1.1250, 76.4% Fibonacci level. Meanwhile support is raised to the 1.1100 congestion. Would take break here to open up room for deeper correction to the 1.1050 and 1.1000 congestion.