Published: 2025-07-21T06:50:10.000Z
Chart AUD/NZD Update: Room for deeper pullback from 1.0990 high
Technical Analyst
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Consolidating test of the 1.0930/10 support as prices unwind oversold intraday studies following pullback from 1.0990
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1055 | * | 76.4% Nov/Apr fall | S1 | 1.0910/00 | * | Mar low, congestion | |
| R3 | 1.1030 | * | April high | S2 | 1.0850/40 | ** | congestion, Jun high | |
| R2 | 1.0990/00 | ** | 16 Jul high, congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.0950 | * | congestion | S4 | 1.0760/50 | * | 30 Jun low, congestion |
Asterisk denotes strength of level
06:40 GMT - Consolidating test of the 1.0930/10 support as prices unwind oversold intraday studies following pullback from 1.0990 high. Negative daily studies suggest this giving way to fresh selling pressure later and break of the 1.0900 level will open up room for extension to strong support at the 1.0850/40, congestion and June high. Meanwhile, resistance at the 1.0950 congestion and extending to the 1.0990 high is expected to cap. Break will further extend the bullish gains from the April current year low and see room to 1.1030/1.1055, April high and 76.4% Fibionacci level.