Published: 2026-09-25T07:22:27.000Z
Chart AUD/NZD Update: Weighing on 1.2370 support
1
Consolidating test of the 1.2370 support but pullback from the 1.2490 high keep pressure on the downside
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2600 | * | congestion | S1 | 1.2370 | * | 9 Sep high | |
| R3 | 1.2550 | * | congestion | S2 | 1.2285 | ** | May high | |
| R2 | 1.2500 | ** | congestion | S3 | 1.2250 | * | congestion | |
| R1 | 1.2490 | ** | 22 Sep YTD high | S4 | 1.2200 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Consolidating test of the 1.2370 support but pullback from the 1.2490 high keep pressure on the downside. Daily studies have turned down from overbought readings and threatens break here to see room for deeper pulllback to retrace strong gains from the 1.1915 August low. Lower will see room for extension towards support at the 1.2285 May high and the 1.2250/1.2200 congestion area. Meanwhile, resistance at the 1.2490/1.2500 high and congestion area expected to cap. Clearance, if seen, will extend the underlying bull trend from the 2020 year low and see room to 1.2550/1.2600 area.