Published: 2026-07-08T07:25:23.000Z
Chart AUD/NZD Update: Lower to pressure 1.2150/30 support
1
Rejection from resistance at the 1.2200 level see prices back to retest support at the 1.2150/30 congestion and low of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2300 | * | congestion | S1 | 1.2130 | * | 2 Jul low | |
| R3 | 1.2285 | ** | 26 May YTD high | S2 | 1.2050 | ** | 10 Jun low | |
| R2 | 1.2255 | * | 22 Jun high | S3 | 1.2000 | * | congestion | |
| R1 | 1.2200 | ** | 8 Apr high, congestion | S4 | 1.1980 | ** | Jun low |
Asterisk denotes strength of level
07:20 GMT - Rejection from resistance at the 1.2200 level see prices back to retest support at the 1.2150/30 congestion and low of last week. Daily studies have turned mixed and see risk for break here to extend pullback from the 1.2255 June high to retrace strong gains from the 1.1980 low. Lower will see room to the 1.2100 congestion Below here will return focus to the downside for retest of 10 June low at 1.2050 then the 1.1980 low. Meanwhile, resistance at the 1.2200 congestion is expected to cap and keep corrective bounce in check.