Published: 2025-07-24T06:58:08.000Z
Chart AUD/NZD Update: Consolidating at 1.0910/00 support
Technical Analyst
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Higher in consolidation from the 1.0910/00 support as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1055 | * | 76.4% Nov/Apr fall | S1 | 1.0910/00 | * | Mar low, congestion | |
| R3 | 1.1030 | * | April high | S2 | 1.0850/40 | ** | congestion, Jun high | |
| R2 | 1.0990/00 | ** | 16 Jul high, congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.0950 | * | congestion | S4 | 1.0760/50 | * | 30 Jun low, congestion |
Asterisk denotes strength of level
06:50 GMT - Higher in consolidation from the 1.0910/00 support as prices unwind oversold intraday studies. However, negative daily studies suggest room for deeper pullback to extend losses from the 1.0990 high. Below the 1.0910/00 area will trigger deeper correction to the strong support at 1.0850/40, congestion and June high. Meanwhile, resistance is lowered to the 1.0950 congestion which is expected to cap and sustain losses from 1.0990 high. Clearance will further retrace the November/April losses.