Published: 2026-05-14T06:47:46.000Z
Chart AUD/NZD Update: Retest 1.2235 current year high
1
Turned up in consolidation from the 1.2115 low of last week to retest the 1.2235 April current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2400 | congestion | S1 | 1.2115/00 | ** | 8 May low, congestion | ||
| R3 | 1.2345 | * | 61.8% 2011/2020 fall | S2 | 1.2050 | ** | congestion | |
| R2 | 1.2300/10 | ** | congestion, 2011 yr low | S3 | 1.2000 | * | congestion | |
| R1 | 1.2235 | ** | 29 Apr YTD high | S4 | 1.1930 | ** | 27 Mar low |
Asterisk denotes strength of level
06:40 GMT - Turned up in consolidation from the 1.2115 low of last week and subsequent break above the 1.2200 level has seen extension to retest the 1.2235 April current year high. Bullish gains from the 1.1930 low of 27 March suggest scope for break here to extend the broader gains from the 2020 year low. Higher will see room to resistance at the 1.2300 congestion and 1.2345, 61.8% Fibonacci retracement. Meanwhile, support at the 1.2115/00 support should underpin. Only break here will ease the upside pressure and see room for deeper pullback to retrace gains from 1.1930, 27 March low.