Published: 2026-04-08T07:39:53.000Z
Chart AUD/NZD Update: Consolidating gains to 1.2200, fresh year high
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Break above the March high at 1.2150 has seen gains to fresh high at 1.2200 level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2400 | * | congestion | S1 | 1.2100 | * | congestion | |
| R3 | 1.2345 | * | 50% 2011/2015 fall | S2 | 1.2050 | * | congestion | |
| R2 | 1.2300 | * | congestion | S3 | 1.2000 | * | figure, congestion | |
| R1 | 1.2200 | intraday high | S4 | 1.1930 | ** | 24, 30 Mar low |
Asterisk denotes strength of level
07:30 GMT - Break above the March high at 1.2150 has seen gains to fresh high at 1.2200 level before reversing to threaten an outside range day. Overbought daily and weekly studies suggest scope for break of the 1.2100 level to open up room for deeper pullback to the 1.2050/1.2000 congestion area. Below this will expose strong support at 1.1930 to retest and where reaction can be expected. Meanwhile, resistance at the 1.2150/1.2200 highs now expected to cap. Clearance will further extend gains from the parity level to 1.2345, 50% Fibonacci retracement.