Published: 2026-08-28T06:54:13.000Z
Chart AUD/NZD Update: Pressuring 1.2100/30 resistance
1
Consolidating retest of the .2100 level following bounce from the 1.1950 low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2200 | * | 8 Apr high, congestion | S1 | 1.2000 | * | congestion | |
| R3 | 1.2150 | * | Mar high, congestion | S2 | 1.1980 | * | Jun low | |
| R2 | 1.2130 | ** | 3 Jul low | S3 | 1.1950 | ** | congestion | |
| R1 | 1.2100 | * | congestion | S4 | 1.1915/00 | ** | 3 Aug low, congestion |
Asterisk denotes strength of level
06:50 GMT - Consolidating retest of the .2100 level following bounce from the 1.1950 low of last week. Pressure remains on the upside with positive daily and weekly studies suggesting scope for break here to open up room to strong resistance at 1.2130. Clearance here, if seen, will extend the early-August gains and see extension to 1.2150 congestion then 1.2180/1.2200, May channel resistance and congestion area. Meanwhile, support at 1.2050 should underpin. Would take break here to ease the upside pressure and see room for pullback to consolidate at the 1.2000/1.1980 support.