Published: 2025-07-15T07:42:17.000Z
Chart AUD/NZD Update: Consolidating test of 1.0975, Fibonacci level
Technical Analyst
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Settled back in range from the 61.8% Fibonacci level at 1.0975
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1055 | * | 76.4% Nov/Apr fall | S1 | 1.0900 | * | congestion | |
| R3 | 1.1030 | * | April high | S2 | 1.0850/40 | ** | congestion, Jun high | |
| R2 | 1.1000 | ** | Jan low, congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.0975 | * | 61.8% Nov/Apr fall | S4 | 1.0760/50 | * | 30 Jun low, congestion |
Asterisk denotes strength of level
07:40 GMT - Settled back in range from the 61.8% Fibonacci level at 1.0975 as prices consolidate the strong 2-week rally from 30 June low. Support is at the 1.0930/1.0900 congestion which should underpin. Would take break here to fade the upside pressure and open up room to strong support at the 1.0850/40, congestion and June high. Meanwhile, resistance at the 1.0975 high is expected to cap. Clearance will further extend the bullish gains from the April current year low and see room to 1.1000 level. Beyond this will open up room to the 1.1030/1.1055, April high and 76.4% Fibionacci level.