Published: 2026-06-11T06:17:36.000Z
Chart AUD/NZD Update: Room to extend losses
1
Steadied at the 1.2050 low as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2345 | * | 61.8% 2011/2020 fall | S1 | 1.2050 | * | congestion | |
| R3 | 1.2285 | ** | 26 May YTD high | S2 | 1.1980 | ** | 1 Jun high | |
| R2 | 1.2200 | * | 8 Apr high, congestion | S3 | 1.1930 | ** | 27 Mar low | |
| R1 | 1.2165 | ** | 3 Jun high | S4 | 1.1900 | congestion |
Asterisk denotes strength of level
06:15 GMT - Steadied at the 1.2050 low as prices unwind oversold intraday studies. However, negative daily and weekly studies suggest this giving way to renewed selling pressure later to extend the break of the wedge pattern in late-May. Lower will see room to support at the 1.2000/1.1980 congestion and 1st June low. Below this will see room for deeper pullback to retrace strong gains from the April 2025 year low to support at 1.1930/00 area. Meanwhile, resistance at 1.2165 expected to cap and sustain losses from the 1.2285 May current year high.