Published: 2025-10-21T07:39:04.000Z
Chart AUD/NZD Update: Consolidating, room for lower later
1
Turned up in consolidation from the 1.1275 low of last week as prices consolidate losses from the 1.1445 current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1490 | ** | Sep 2022 year high | S1 | 1.1300 | * | congestion | |
| R3 | 1.1445 | ** | 8 Oct YTD high | S2 | 1.1250 | * | congestion | |
| R2 | 1.1400 | * | congestion | S3 | 1.1180 | ** | Nov 2024 year high | |
| R1 | 1.1350/70 | * | congestion | S4 | 1.1150/40 | * | Jul 2024 high, 38.2% |
Asterisk denotes strength of level
07:35 GMT - Turned up in consolidation from the 1.1275 low of last week as prices consolidate losses from the 1.1445 current year high. Consolidation see prices unwinding oversold intraday and daily studies which is expected to give way to renewed selling pressure later. Below the 1.1300 congestion will see room for deeper pullback to retrace the April/October rally to support at 1.1250. Break here 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.