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Published: 2025-09-03T06:42:27.000Z

Chart AUD/NZD Update: Extending gains

byPakLai Ng

Technical Analyst
-

Consolidation below the 1.1100 level has given way to break to extend gains from the April low

 Level Comment  Level Comment
R41.1300*figure S11.1100*congestion
R31.1250*congestion, 76.4% S21.1050*congestion
R21.1180**Nov 2024 year high   S31.1000/90*congestion, Jul high
R11.1150*Jul 202 high S41.0920/00**May high, congestion  

Asterisk denotes strength of level

06:30 GMT - Consolidation below the 1.1100 level has given way to break to extend gains from the April low to turn focus to the 1.1150 and 1.1180, July and November 2024 year highs. Overbought daily and weekly studies suggest reaction at these highs likely and caution corrective pullback towards support at the 1.1050 congestion. Would take break here to open up room for deeper corrective pullback to strong support at 1.1000/1.0990, congestion and July high. Close above the 1.1100 level needed to see extension to retest the critical 1.1150/1.1180, July and November 2024 year highs.

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Topics
AUD/NZD-TA
DM-Technical
Technical Analysis

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