Published: 2026-11-10T06:23:33.000Z
Chart AUD/NZD Update: Weighing on 1.2285/70 support, break in focus
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Consolidating test of strong support at the 1.2285/70 area but pressure remains on the downside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2495 | ** | 14 Oct high | S1 | 1.2270 | ** | Oct low | |
| R3 | 1.2450 | * | congestion | S2 | 1.2250 | * | congestion | |
| R2 | 1.2400 | * | congestion | S3 | 1.2200 | ** | congestion | |
| R1 | 1.2350 | * | congestion | S4 | 1.2150 | * | congestion |
Asterisk denotes strength of level
06:15 GMT - Consolidating test of strong support at the 1.2285/70 area but pressure remains on the downside and see scope for break to extend losses from the 1.2600, 28 October current year high. Daily and weekly studies are tracking lower from overbought areas and break here will see deeper pullback to retrace the August/October rally. Lower will see room to the 1.2200 level and 1.2150 congestion. Meanwhile, resistance is lowered to the 1.2350 congestion which is expected to cap and sustain losses from the 1.2600 high.