Published: 2026-04-10T07:24:57.000Z
Chart AUD/NZD Update: Leaning lower from 1.2200 high
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Edged up from support at the 1.2050 congestion as prices unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2300 | * | congestion | S1 | 1.2050 | * | congestion | |
| R3 | 1.2200 | ** | 8 Apr YTD high | S2 | 1.2000 | * | figure, congestion | |
| R2 | 1.2150 | * | Mar high | S3 | 1.1930 | ** | 27 Mar low | |
| R1 | 1.2100 | congestion | S4 | 1.1860 | 4 Mar low |
Asterisk denotes strength of level
07:20 GMT - Edged up from support at the 1.2050 congestion as prices unwind oversold intraday studies following rejection from 1.2200, Wednesday's current year high. However, negative daily studies keep pressure on the downside and threaten deeper pullback to 1.2000 level and 1.1930 support which should underpin. Failure here will turn focus lower and see deeper pullback to retrace gains from the 1.1525, January YTD low. Meanwhile, resistance is lowered to the 1.2100/1.2150 congestion and March high. Clearance here is needed to expose the 1.2200 high to retest and further extend gains from 2020 year low.