Published: 2026-08-05T05:09:41.000Z
Chart AUD/NZD Update: Extending bounce from 1.1915 low
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Consolidation at the 1.1915 low has given way to bounce to retest the 1.2000 level as prices unwind oversold daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2130 | ** | 3 Jul low | S1 | 1.1915 | ** | 3 Aug low | |
| R3 | 1.2100 | * | congestion | S2 | 1.1900 | * | figure, congestion | |
| R2 | 1.2050 | * | congestion | S3 | 1.1850 | * | congestion | |
| R1 | 1.2000 | * | congestion | S4 | 1.1800 | * | congestion |
Asterisk denotes strength of level
05:05 GMT - Consolidation at the 1.1915 low has given way to bounce to retest the 1.2000 level as prices unwind oversold daily studies. Weekly studies are stretched as well and suggest room for stronger gains to within the channel from the 1.2285 May high to resistance at 1.2050. Break here will see room for retest of strong resistance at 1.2100/30 area. Break here, if seen, will see room for extension to upper channel at the 1.2200 level. Meanwhile, support at the 1.1930/1.1915 lows should underpin.