Published: 2026-03-27T07:27:47.000Z
Chart AUD/NZD Update: Under pressure, room for lower
1
Edged up in consolidation from the 1.1935 low as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2200 | * | congestion | S1 | 1.1910/00 | * | 38.2%, congestion | |
| R3 | 1.2150 | ** | 17 Mar YTD high | S2 | 1.1830/00 | * | 2 Mar low, congestion | |
| R2 | 1.2050 | * | congestion | S3 | 1.1700 | * | congestion | |
| R1 | 1.2000 | * | congestion | S4 | 1.1680 | 17 Feb low |
Asterisk denotes strength of level
07:25 GMT - Edged up in consolidation from the 1.1935 low as prices unwind oversold intraday studies following losses from the 1.2150 high. However, the downside remains vulnerable and expected to give way to renewed selling pressure. Break will see room for deeper pullback to retrace gains from the January low to 1.1910, 38.2% Fibonacci level. Lower still, will see room for extension to support at 1.1830/00, 2 March low and congestion area. Meanwhile, resistance at the 1.2000/50 congestion area is expected to cap and sustain losses from the 1.2150 high.