Published: 2026-11-03T07:09:44.000Z
Chart AUD/NZD Update: Extend pullback from 1.2600 current year high
2
Under pressure, as consolidation around the 1.2500 level gives way to deeper pullback from the 1.2600, 28 October fresh year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2682 | ** | Mar 2013 year high | S1 | 1.2400 | * | congestion | |
| R3 | 1.2650 | * | congestion | S2 | 1.2340 | * | 38.2% Aug/Oct rally | |
| R2 | 1.2600 | ** | 28 Oct YTD high | S3 | 1.2315 | * | 1 Oct low | |
| R1 | 1.2495 | * | 14 Oct high | S4 | 1.2270 | ** | 16 Oct low |
Asterisk denotes strength of level
07:05 GMT - Under pressure, as consolidation around the 1.2500 level gives way to deeper pullback from the 1.2600, 28 October fresh year high. Daily and weekly studies have turned lower to unwind overbought readings and threatens break of the 1.2400 support. Below here will see room for deeper pullback to retrace gains from the 1.1915 August low towards 1.2340, 38.2% Fibonacci retracement. Lower still, will return focus to the 1.2315 and 1.2270 lows. Meanwhile, resistance is lowered to 1.2495 October high which is expected to cap and sustain losses from the 1.2600 high.