Published: 2026-10-28T07:09:18.000Z
Chart AUD/NZD Update: Consolidating rally to 1.2600, fresh year high
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Consolidation around 1.2350 congestion has given way to sharp break to reach fresh year high at the 1.2600 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2700 | * | congestion | S1 | 1.2495 | * | 14 Oct high | |
| R3 | 1.2682 | ** | Mar 2013 year high | S2 | 1.2400 | * | congestion | |
| R2 | 1.2650 | * | congestion | S3 | 1.2315 | * | 1 Oct low | |
| R1 | 1.2600 | * | congestion | S4 | 1.2270 | ** | 16 Oct low, 38.2% |
Asterisk denotes strength of level
07:00 GMT - Consolidation around 1.2350 congestion has given way to sharp break to reach fresh year high at the 1.2600 level before settling back to unwind overbought intraday studies. However, positive daily and weekly studies keep focus on the upside and see scope to further extend strong gains from the April 2025 year low. Higher will see room to 1.2650 congestion then the 1.2682, 2013 year high. Meanwhile, support is raised to the 1.2490/95, September and 14 October highs, which should underpin. Below these will ease the upside pressure and see consolidation back to support at 1.2400.