Published: 2025-11-20T07:36:25.000Z
Chart AUD/NZD Update: Extending rebound from 1.1445 support
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Bounce from above the 1.1445 support retracing rejection from the 1.1636 current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1750 | * | congestion from Jul 2013 | S1 | 1.1500 | * | congestion | |
| R3 | 1.1660 | * | Sep 2013 high | S2 | 1.1445 | ** | Oct high | |
| R2 | 1.1636 | ** | 13 Nov YTD high | S3 | 1.1400 | * | congestion | |
| R1 | 1.1600 | * | congestion | S4 | 1.1350 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Bounce from above the 1.1445 support retracing rejection from the 1.1636 current year high. Positive daily studies keep pressure on the upside and see room for retest of the 1.1600/36 resistance. Reaction at the latter is expected as daily studies remains stretched and suggest scope to extend consolidation here. Break will further extend bullish gains from April low and see room to 1.1660 and 1.1750 resistance. Would take break of the 1.1500/1.1445 support to open up room for deeper pullback to retrace the April/October rally.