Published: 2026-10-26T06:59:45.000Z
Chart AUD/NZD Update: Range-bound in consolidation
1
Settled back in range from the 1.2370 high of last week as prices consolidate bounce from the 1.2270 low of 16 October
| 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
07:00 GMT - Settled back in range from the 1.2370 high of last week as prices consolidate bounce from the 1.2270 low of 16 October. Corrective bounce is expected to give way to renewed selling pressure later to extend pullback from the 1.2490/95 double top and retrace strong gains from the 1.1915, August low. Break of support at the 1.2285/1.2270 area 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 1.2495, 14 October current year high.