Published: 2025-07-01T07:34:28.000Z
Chart AUD/NZD Update: Leaning lower in choppy trade from 1.0840 lower high
Technical Analyst
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Leaning lower in choppy trade from the 1.0840 bounce high of last week and trend line from the February YTD high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0910 | ** | 21 Mar high, 50% | S1 | 1.0750 | * | congestion | |
| R3 | 1.0882 | * | 22 May high | S2 | 1.0725 | ** | 3 Jun low | |
| R2 | 1.0850 | * | congestion | S3 | 1.0700 | * | congestion | |
| R1 | 1.0800 | * | congestion | S4 | 1.0650 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
07:30 GMT - Leaning lower in choppy trade from the 1.0840 bounce high of last week and trend line from the February YTD high. Focus is on the support at the 1.0750 congestion and 1.0725, 3 Jun low. Below these will extend the losses from 1.0910/1.0930 resistance area and see room for retest of the 1.0700 congestion. Lower still, will return focus to the 1.0650, 22 April current year low. Meanwhile, resistance at 1.0800 congestion is expected to cap. Clearance here is needed to open up room for retest of resistance at the 1.0840/50 congestion.