Published: 2026-07-29T06:34:39.000Z
Chart AUD/NZD Update: Extend rejection from 1.2130 resistance
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Consolidation below resistance at 1.2130 has given way to renewed selling pressure as prices unwind overbought daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2250 | * | Jun high | S1 | 1.1980 | * | Jun low | |
| R3 | 1.2200 | * | congestion | S2 | 1.1930 | ** | 14 Jul low | |
| R2 | 1.2130 | ** | 3 Jul low | S3 | 1.1900 | * | figure, congestion | |
| R1 | 1.2100 | * | congestion | S4 | 1.1850 | * | congestion |
Asterisk denotes strength of level
06:25 GMT - Consolidation below resistance at 1.2130 has given way to renewed selling pressure as prices unwind overbought daily studies. Below the 1.2050 support return focus to the downside for retest of the 1.2000/1.1980 area. Below here will return focus to strong support at 1.1930 late-March and mid-July lows. Below here will see room for deeper pullback to retrace strong gains from the April 2025 year low. Meanwhile, resistance at the 1.2100/30 area is expected to cap and sustain losses from the 1.2255 June lower high.