Published: 2026-02-19T07:02:41.000Z
Chart AUD/NZD Update: Extending gains
1
Bounce from support at the 1.1700 congestion has seen extension to reach fresh high at the 1.1800/20 congestion
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2100 | * | Jun 2013 high | S1 | 1.1750 | * | intraday congestion | |
| R3 | 1.2000 | ** | figure, congestion | S2 | 1.1700 | * | congestion | |
| R2 | 1.1900 | * | 50% 2011/2020 fall | S3 | 1.1630/00 | * | Nov high, congestion | |
| R1 | 1.1800/20 | * | congestion, May 2013 low | S4 | 1.1525 | ** | 20 Jan YTD low |
Asterisk denotes strength of level
07:00 GMT - Bounce from support at the 1.1700 congestion has seen extension to reach fresh high at the 1.1800/20 congestion. Bullish structure from the April 2025 low keeps pressure on the upside and higher will see room to further retrace the 2011/2020 losses to the 1.1900 level and 50% Fibonacci level. Higher still, will see room to the 1.2000 figure. Meanwhile, support is raised to 1.1750/00 congestion area which should underpin. Would take break to ease the upside pressure and see deeper correction of rally from the April low.