Published: 2026-06-26T06:35:54.000Z
Chart AUD/NZD Update: Consolidating, scope to retest 1.2285 high
-
Little change, as prices extend consolidation below the 1.2255 Monday's high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2370 | * | 2012 year low | S1 | 1.2200 | * | congestion | |
| R3 | 1.2345 | * | 61.8% 2011/2020 fall | S2 | 1.2165/50 | * | 3 Jun high, congestion | |
| R2 | 1.2300 | * | congestion | S3 | 1.2100 | * | congestion | |
| R1 | 1.2285 | ** | 26 May YTD high | S4 | 1.2050 | ** | 10 Jun low |
Asterisk denotes strength of level
06:30 GMT - Little change, as prices extend consolidation below the 1.2255 Monday's high. The resulting flag pattern suggest scope for break here to extend gains from the 1.1980 low to retest the 1.2285 May current year high. Would expect reaction at the latter as daily studies extend into overbought areas. However, a later break cannot be ruled out to retrace the 2011/2020 fall to 1.2345, 61.8% Fibonacci retracement. Meanwhile, support remains at the 1.2200 congestion and this extend to the 1.2165/50 area. Would take break here to fade the upside pressure and see pullback to support at 1.2100 congestion and 1.2050 low of 10 June.