Published: 2025-07-11T07:06:14.000Z
Chart AUD/NZD Update: Extending gains
Technical Analyst
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Extending sharp rally through the 1.0840/50 area to break strong resistance at the 1.0910/1.0930, March/December lows
| 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
07:00 GMT - Extending sharp rally through the 1.0840/50 area to break strong resistance at the 1.0910/1.0930, March/December lows. Clearance here see room to further retrace the November/April losses to the 1.0975, 61.8% Fibonacci level, then 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 1.0900 congestion which now underpin. Below this will open up room to strong support at 1.0850/40 congestion and June high.