Published: 2025-11-18T07:16:04.000Z
Chart AUD/NZD Update: Extending pullback from 1.1636 high
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Extending rejection from the 1.1636 current year high as daily and weekly studies unwind overbought readings
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1660 | * | Sep 2013 high | S1 | 1.1445 | ** | Oct high | |
| R3 | 1.1636 | ** | 13 Nov YTD high | S2 | 1.1400 | * | congestion | |
| R2 | 1.1550 | * | congestion | S3 | 1.1350 | * | congestion | |
| R1 | 1.1500 | * | congestion | S4 | 1.1300/75 | * | congestion, Oct low |
Asterisk denotes strength of level
07:10 GMT - Extending rejection from the 1.1636 current year high as daily and weekly studies unwind overbought readings. Break of support at the 1.1500 congestion see room for deeper pullback to retrace the April/October rally to the 1.1445/00, October high and congestion area. Lower still, will open up room for extension to 1.1350/1.1300 congestion then the 1.1275, October low. Meanwhile, resistance is lowered to the 1.1500 level which is expected to cap and sustain pullback from the 1.1636 high.