Published: 2026-04-16T05:57:10.000Z
Chart AUD/NZD Update: Focus return to 1.2200 current year high
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Bounce from support at the 1.2050 congestion see prices back to retest the March high at 1.2150
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2350 | * | 61.8% 2011/2020 fall | S1 | 1.2100/50 | ** | congestion | |
| R3 | 1.2300/10 | ** | congestion, 2011 yr low | S2 | 1.2000 | * | figure, congestion | |
| R2 | 1.2200 | ** | 8 Apr YTD high | S3 | 1.1930 | ** | 27 Mar low | |
| R1 | 1.2150 | * | Mar high | S4 | 1.1860 | 4 Mar low |
Asterisk denotes strength of level
05:50 GMT - Bounce from support at the 1.2050 congestion see prices back to retest the March high at 1.2150. Clearance here will expose the 8 April current year high at the 1.2200 level to retest. Break here will see scope to further extend the bullish gains from the April 2025 low and see room to 1.2300/10 resistance and 1.2350, 61.8% Fibonacci retracement. Meanwhile, support at the 1.2100/1.2050 congestion area should now underpin. Only below here will ease the upside pressure and open up room for deeper corrective pullback to support at the 1.2000 figure and 1.1930, 27 March swing low.