Published: 2025-07-08T07:10:05.000Z
Chart AUD/NZD Update: Extending gains, room to 1.0910/30 resistance
Technical Analyst
1
Consolidation below resistance at the 1.0840/50 area has given way to break higher to extend gains from the 1.0760/25 lows
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1000 | * | Jan low, congestion | S1 | 1.0800 | * | congestion | |
| R3 | 1.0930 | ** | Dec low | S2 | 1.0760/50 | * | 30 Jun low, congestion | |
| R2 | 1.0910 | ** | Mar high, 50% | S3 | 1.0725 | ** | 3 Jun low | |
| R1 | 1.0882 | 22 May high | S4 | 1.0700 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Consolidation below resistance at the 1.0840/50 area has given way to break higher to extend gains from the 1.0760/25 lows. Daily and weekly studies are tracking higher and see room to strong resistance at the 1.0910/1.0930, March and December lows which is expected to cap. Break here, if seen, will turn focus to the 1.1000 level. Corrective gains are expected to give way to selling pressure later. Meanwhile, support is raised to the 1.0800 congestion which should underpin. Break here will return focus to the June lows at the 1.0760/50 area and 1.0725.