Published: 2025-06-26T07:07:57.000Z
Chart AUD/NZD Update: Room to extend pullback from 1.0840 high
Technical Analyst
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Edged up in consolidation from the 1.0770 low as prices unwind oversold daily studies
| 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
07:20 GMT - Edged up in consolidation from the 1.0770 low as prices unwind oversold daily studies to retrace losses from the 1.0840, Monday's high. While the latter caps, scope is seen for deeper pullback to retest support at 1.0750 congestion and 1.0725, 3 Jun low. Below the latter will open up 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 the 1.0850 congestion and see extension to the 1.0910/30 area.