Published: 2025-10-06T07:50:20.000Z
Chart AUD/NZD Update: Room for deeper pullback from 1.1418 high
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Steadied at 1.1312 low as prices consolidate sharp pullback from the 1.1418 high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1490 | ** | 28 Sep 2022 year high | S1 | 1.1300 | congestion | ||
| R3 | 1.1440 | * | 30 Sep 2022 high | S2 | 1.1250/45 | * | congestion, 38.2% | |
| R2 | 1.1400/18 | ** | figure, 30 Sep YTD high | S3 | 1.1180 | ** | Nov 2024 year high | |
| R1 | 1.1350 | * | congestion | S4 | 1.1150 | * | Jul 2024 high |
Asterisk denotes strength of level
07:40 GMT - Steadied at 1.1312 low as prices consolidate sharp pullback from the 1.1418 high. The resulting pin bar on weekly chart suggest scope for deeper pullback to correct strong gains from the April low. Below the 1.1300 level will see room to 1.1250/45, congestion and 38.2% Fibonacci level. Lower still, will see room to the strong support at 1.1180/1.1150, November 2024 year high and July 2044 high. Meanwhile, resistance is lowered to 1.1350 congestion which is expected to cap and sustain losses from 1.1418 high. Clearance will turn focus to 1.1490, 2022 year high.