Published: 2026-09-01T07:24:22.000Z
Chart AUD/NZD Update: Pressuring 1.2130 resistance
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Break above 1.2100 see has seen gains to pressure strong resistance at 1.2130
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2258 | ** | 22 Jun high | S1 | 1.2050 | * | congestion | |
| R3 | 1.2200 | * | 8 Apr high, congestion | S2 | 1.2000 | * | congestion | |
| R2 | 1.2150 | * | Mar high, congestion | S3 | 1.1980 | ** | Jun low | |
| R1 | 1.2130 | ** | 3 Jul low | S4 | 1.1950 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Break above 1.2100 see has seen gains to pressure strong resistance at 1.2130. Break here, if seen, will further extend gains from the 1.1915 August low and see room to resistance at 1.2150 congestion then 1.2180/1.2200, May channel and congestion area. The latter is expected to cap and give way to fresh selling pressure later. Meanwhile, support is raised to the 1.2050 congestion. Would take break here to open up room for pullback to strong support at the 1.2000 level and 1.1980 congestion and June low. Below these will return focus to the downside for retest of 1.1915 low.