Published: 2025-05-27T04:39:48.000Z
Chart AUD/NZD Update: Consolidating at 1.0800/1.0780 support
Technical Analyst
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Steadied at the 1.0800/1.0780 support as prices consolidate losses from resistance at 1.0910/1.0930
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0930 | ** | Dec low | S1 | 1.0800 | * | congestion | |
| R3 | 1.0910 | * | 21 Mar low, 50% | S2 | 1.0780 | ** | Sep low | |
| R2 | 1.0882 | * | 22 May high | S3 | 1.0750 | * | congestion | |
| R1 | 1.0850 | * | congestion | S4 | 1.0700 | * | congestion |
Asterisk denotes strength of level
04:35 GMT - Steadied at the 1.0800/1.0780 support as prices consolidate losses from resistance at 1.0910/1.0930, 50% Fibonacci level and December low. Bounce see prices unwinding the oversold intraday studies but this is expected to give way to further losses later. Negative daily studies support room for break lower to return focus to the downside for retest of the 1.0750/1.0700 congestion area then the 1.0650 low. Meanwhile, resistance is lowered to 1.0850/1.08820 area which is expected to cap and sustain losses from the 1.0910/1.0930 resistance.