Published: 2026-10-23T06:35:42.000Z
Chart AUD/NZD Update: Consolidating above 1.2270 low
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Little change, as prices extend consolidation above 1.2315 support following bounce from the 1.2270 low
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2600 | * | congestion | S1 | 1.2315 | * | 1 Oct low | |
| R3 | 1.2550 | * | congestion | S2 | 1.2270 | ** | 16 Oct low, 38.2% | |
| R2 | 1.2490/95 | ** | Sep, 14 Oct YTD high | S3 | 1.2200 | * | 50% Aug/Oct rally | |
| R1 | 1.2400 | * | congestion | S4 | 1.2150 | * | congestion |
Asterisk denotes strength of level
06:30 GMT - Little change, as prices extend consolidation above 1.2315 support following bounce from the 1.2270 low. Corrective bounce is expected to give way to renewed selling pressure later and break of the latter will see room for deeper pullback to retrace gains from the 1.1915, August low. Break of support at the 1.2285/1.2270 congestion and low of last week will see room for deeper pullback to the 1.2200 level and 50% Fibonacci retracement. Meanwhile, resistance at the 1.2400 congestion is expected to cap and sustain losses from the 1.2490/1.2495 double top.