Published: 2025-11-17T07:35:37.000Z
Chart AUD/NZD Update: Room for deeper pullback
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Settled into consolidation at the 1.1500 level following rejection from the 1.1636 current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1740 | * | Jun 2013 low | S1 | 1.1500 | * | congestion | |
| R3 | 1.1660 | * | Sep 2013 high | S2 | 1.1445 | ** | Oct high | |
| R2 | 1.1636 | ** | 13 Nov YTD high | S3 | 1.1400 | * | congestion | |
| R1 | 1.1550 | * | congestion | S4 | 1.1350 | * | congestion |
Asterisk denotes strength of level
07:30 GMT - Settled into consolidation at the 1.1500 level following rejection from the 1.1636 current year high. Daily and weekly studies are unwinding overbought readings and suggest room for deeper pullback to retrace the April/October rally. Below the 1.1500/1.1445 congestion and October high will see room to the 1.1400 congestion. Lower still, will see room to 1.1350/1.1300 area. Meanwhile, resistance is lowered to 1.1550 congestion which is expected to cap and sustain pullback from the 1.1636 high.