Published: 2025-10-16T06:02:54.000Z
Chart AUD/NZD Update: Under pressure, room for deeper pullback
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No follow-through on break of the 1.1310/00 support but pressure remains on the downside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1490 | ** | Sep 2022 year high | S1 | 1.1310/00 | ** | 6 Oct low, congestion | |
| R3 | 1.1445 | ** | 8 Oct YTD high | S2 | 1.1250 | * | congestion | |
| R2 | 1.1400 | * | congestion | S3 | 1.1180 | ** | Nov 2024 year high | |
| R1 | 1.1370 | * | congestion | S4 | 1.1150 | * | Jul 2024 highs |
Asterisk denotes strength of level
06:00 GMT - No follow-through on break of the 1.1310/00 support but pressure remains on the downside as prices unwind overbought daily and weekly studies. Consolidation above the 1.1285 low expected to give way to fresh selling pressure later and see room for deeper pullback to retrace the April/October rally. Lower will see room to 1.1250 congestion then the strong support at the 1.1180/1.1150 the area. Meanwhile, resistance is lowered to 1.1370/1.1400 congestion which is expected to cap and sustain pullback from the 1.1445, current year high.