Published: 2025-07-14T06:18:35.000Z
Chart AUD/NZD Update: Extending April gains
Technical Analyst
1
Pressure remains on the upside as prices extend break of strong resistance at the 1.0910/1.0930 area to reach the 1.0975
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1055 | * | 76.4% Nov/Apr fall | S1 | 1.0900 | * | congestion | |
| R3 | 1.1030 | * | April high | S2 | 1.0850/40 | ** | congestion, Jun high | |
| R2 | 1.1000 | ** | Jan low, congestion | S3 | 1.0800 | * | congestion | |
| R1 | 1.0975 | * | 61.8% Nov/Apr fall | S4 | 1.0760/50 | * | 30 Jun low, congestion |
Asterisk denotes strength of level
06:20 GMT - Pressure remains on the upside as prices extend break of strong resistance at the 1.0910/1.0930 area to reach 1.0975, 61.8% Fibonacci level. Clearance here will further extend the bullish gains from the April current year low and see room to the 1.1000 level. Gains beyond this will open up room to the 1.1030/1.1055, April high and 76.4% Fibionacci level. Meanwhile, support is raised to the 1.0930/1.0900 congestion which should underpin. Below this will fade the upside pressure open up room to strong support at 1.0850/40 congestion and June high.