Published: 2025-12-03T07:19:02.000Z
Chart AUD/NZD Update: Higher in consolidation
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Turned up in consolidation from support at the 1.1400 congestion as prices unwind oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1600/35 | ** | congestion, 13 Nov YTD high | S1 | 1.1400 | * | congestion | |
| R3 | 1.1570 | * | 20 Nov high | S2 | 1.1350 | * | congestion | |
| R2 | 1.1500 | * | congestion | S3 | 1.1300 | * | congestion | |
| R1 | 1.1445/50 | * | Oct high, congestion | S4 | 1.1260 | * | 38.2% Apr/Nov rally |
Asterisk denotes strength of level
07:15 GMT - Turned up in consolidation from support at the 1.1400 congestion as prices unwind oversold daily studies. Break above the 1.1445/50 resistance will open up room for stronger gains to retrace losses from the November high to the 1.1500 level which is expected to cap. Corrective gains are expected to give way to renewed selling pressure later and break of the 1.1400 level will open up room for deeper pullback to retrace the April/November rally. Lower will see room to 1.1350 and 1.1300 congestion then 1.1260, 38.2% Fibonacci level.