Published: 2026-11-11T05:54:44.000Z
Chart AUD/NZD Update: Room for further losses
1
Break of support at the 1.2285/70 area see prices extending losses from the 1.2600 October current year high to reach 1.2230 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2495 | ** | 14 Oct high | S1 | 1.2230 | 10 Nov low | ||
| R3 | 1.2450 | * | congestion | S2 | 1.2200 | ** | congestion | |
| R2 | 1.2400 | * | congestion | S3 | 1.2150 | * | congestion | |
| R1 | 1.2350 | * | congestion | S4 | 1.2100 | ** | congestion, Aug high |
Asterisk denotes strength of level
05:50 GMT - Break of support at the 1.2285/70 area see prices extending losses from the 1.2600 October current year high to reach 1.2230 low. Daily and weekly studies are tracking lower and suggest consolidation here giving way to fresh selling pressure later to retrace the August/October rally. Lower will see room to support at the 1.2200 level and 1.2150, August high. Meanwhile, resistance remains at the 1.2350 congestion which is expected to cap and sustain losses from the 1.2600 high.