Published: 2025-01-22T08:02:24.000Z
Chart AUD/NZD Update: Extend choppy trade below 1.1100
Technical Analyst
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Little change, as prices extend choppy trade below the 1.1100 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1200 | * | congestion | S1 | 1.1015 | * | 14 Jan low | |
| R3 | 1.1180 | ** | Nov 2024 year high | S2 | 1.1000 | * | congestion | |
| R2 | 1.1150/55 | * | congestion, Jul high | S3 | 1.0950 | * | congestion | |
| R1 | 1.1100 | ** | 3 Jan high | S4 | 1.0933 | ** | Dec low |
Asterisk denotes strength of level
07:55 GMT - Little change, as prices extend choppy trade below the 1.1100 level. Daily studies are mixed and suggest further range action below here with risk for pullback to retest the 1.1015/1.1000 support. Would take break here to fade the upside pressure and see room for pullback to retest support at the 1.0950 congestion and 1.0933 low. Meanwhile, resistance remains at the 1.1090/1.1100 highs. Would need to clear this to see extension for retest of the 1.1150 and 1.1180, July/November highs.