Published: 2026-07-24T07:36:15.000Z
Chart AUD/NZD Update: Higher in consolidation
1
Break above 1.2050 see prices extending bounce from the 1.1930 low to consolidate sharp losses from the 1.2255 June high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2250 | * | Jun high | S1 | 1.2000 | * | congestion | |
| R3 | 1.2200 | * | congestion | S2 | 1.1980 | * | Jun low | |
| R2 | 1.2130 | ** | 3 Jul low | S3 | 1.1930 | ** | 27 Mar low | |
| R1 | 1.2100 | * | congestion | S4 | 1.1900 | congestion |
Asterisk denotes strength of level
07:25 GMT - Break above 1.2050 see prices extending bounce from the 1.1930 low to consolidate sharp losses from the 1.2255 June high. However, gains are seen corrective and expected to give way to renewed later with strong resistance at the 1.2100/30 area expected to cap. Meanwhile, support is raised to the 1.2000/1.1980 congestion and June low. Would take break here to return focus to the downside for retest of the 1.1930 low and see deeper pullback to retrace strong gains from the April 2025 low.