Published: 2025-08-26T07:32:51.000Z
Chart AUD/NZD Update: Extending gains, but stretched
Technical Analyst
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Consolidation below the 1.1070 high has given way fresh gains to reach the 1.1100 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1250 | * | 76.4% Sep/Dec 2022 fall | S1 | 1.1050 | * | congestion | |
| R3 | 1.1180 | ** | Nov 2024 year high | S2 | 1.1000/90 | * | congestion, Jul high | |
| R2 | 1.1150 | * | Jul 2024 high | S3 | 1.0930 | * | congestion, Dec low | |
| R1 | 1.1100 | * | congestion | S4 | 1.0900 | ** | congestion |
Asterisk denotes strength of level
07:30 GMT - Consolidation below the 1.1070 high has given way fresh gains to reach the 1.1100 level. Beyond this will see room to retest the 1.1150/1.1180, July and November 2024 year highs. Would expect reaction at these levels as prices extends deep into overbought areas on the daily and weekly studies. Meanwhile, support is raised to the 1.1050 congestion which should underpin. Would take break here to open up room for deeper corrective pullback to support at 1.1000/1.0990, congestion and July high.