Published: 2026-10-29T06:39:41.000Z
Chart AUD/NZD Update: Consolidating, room for higher later
1
Settled back from fresh year high at the 1.2600 level as prices consolidate strong gains from the 1.2270 low of 16 October
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2700 | * | congestion | S1 | 1.2495 | * | 14 Oct high | |
| R3 | 1.2682 | ** | Mar 2013 year high | S2 | 1.2400 | * | congestion | |
| R2 | 1.2650 | * | congestion | S3 | 1.2315 | * | 1 Oct low | |
| R1 | 1.2600 | * | congestion | S4 | 1.2270 | ** | 16 Oct low, 38.2% |
Asterisk denotes strength of level
06:35 GMT - Settled back from fresh year high at the 1.2600 level as prices consolidate strong gains from the 1.2270 low of 16 October. Daily and weekly studies are tracking higher and see scope to further extend strong gains from the 1.0650, April 2025 year low. Higher will see room to 1.2650 congestion then the 1.2682, 2013 year high. Meanwhile, support is raised to previous highs at the 1.2490/95, September and 14 October highs, which should underpin. Would take break here to ease the upside pressure and see consolidation back to support at 1.2400.