Published: 2025-04-17T07:21:51.000Z
Chart AUD/NZD Update: Under pressure
Technical Analyst
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Under pressure as prices extend rejection from the 1.0900/10 resistance
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0933/35 | ** | Dec low, 50% | S1 | 1.0700 | ** | 7 Apr low, congestion | |
| R3 | 1.0910 | * | 21 Mar low | S2 | 1.0670 | * | 2022 trendline | |
| R2 | 1.0850 | * | congestion | S3 | 1.0615 | * | Oct 2023 low | |
| R1 | 1.0800 | * | congestion | S4 | 1.0570 | ** | Feb 2024 year low |
Asterisk denotes strength of level
07:15 GMT - Under pressure as prices extend rejection from the 1.0900/10 resistance. Below the 1.0750 congestion return focus to the 1.0700 low. Below the latter will see scope to the trendline from the December 2022 year low at 1.0670. Break here will extend losses from the 2024 year high at 1.1180 and see room to the 1.0615 and 1.0570, October 2023 low and 2024 year low. Meanwhile, resistance is lowered to the 1.0800 congestion which is expected to cap and sustain losses from the 1.0900/10 resistance.