Published: 2025-11-07T06:03:30.000Z
Chart AUD/NZD Update: Break to fresh year high
-
Consolidation at the 1.1500 level has given way to break to fresh high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1740 | * | Jun 2013 low | S1 | 1.1445 | * | Oct high | |
| R3 | 1.1660 | * | Sep 2013 high | S2 | 1.1400 | * | congestion | |
| R2 | 1.1600 | congestion | S3 | 1.1350 | * | congestion | ||
| R1 | 1.1580 | * | Oct 2013 high | S4 | 1.1300 | ** | congestion |
Asterisk denotes strength of level
06:00 GMT - Consolidation at the 1.1500 level has given way to break to fresh high to extend the underlying bull trend from the 2020 year low. However, overbought daily and weekly studies caution corrective pullback with support raised to the 1.1445/1.1400 area. Would take break here to open up room for deeper pullback to strong support at 1.1350 and 1.1300 level. Break above 1.1500 see room to extend the broader gains from the parity level at the March 2020 year low and retrace losses from the 2011 year high to 1.1580/1.1600 area.