Published: 2025-11-11T06:45:00.000Z
Chart AUD/NZD Update: Reached fresh year high, but stretched
1
Break above the 2022 year high at 1.1490 extend the underlying bull trend to reach fresh year high at 1.1590
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1740 | * | Jun 2013 low | S1 | 1.1490 | * | Sep 2022 year high | |
| R3 | 1.1660 | * | Sep 2013 high | S2 | 1.1445 | ** | Oct high | |
| R2 | 1.1600 | congestion | S3 | 1.1400 | * | congestion | ||
| R1 | 1.1590 | ** | 10 Nov YTD high | S4 | 1.1300 | ** | congestion |
Asterisk denotes strength of level
06:35 GMT - Break above the 2022 year high at 1.1490 extend the underlying bull trend to reach fresh year high at 1.1590. However, deep overbought daily and weekly studies caution corrective pullback with support now raised to the 1.1500/1.1490 area. Would take break here to open up room for deeper pullback to the 1.1445/1.1400 area. Lower still, will see scope the strong support at 1.1350/1.1300 area. Would take break of the 1.1590 high to extend the broader gains from the March 2020 year low and parity level to retrace losses from the 2011 year high.