Published: 2025-08-28T06:45:17.000Z
Chart AUD/NZD Update: Extending gains, but stretched
Technical Analyst
1
Pressure remains on the upside and break above the 1.1100 level see room for retest of the critical 1.1150/1.1180, JulyNovember 2024 year highs
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1250 | * | 76.4% Sep/Dec 2022 fall | S1 | 1.1050 | * | congestion | |
| R3 | 1.1180 | ** | Nov 2024 year high | S2 | 1.1000/90 | * | congestion, Jul high | |
| R2 | 1.1150 | * | Jul 2024 high | S3 | 1.0930 | * | congestion, Dec low | |
| R1 | 1.1100 | * | congestion | S4 | 1.0900 | ** | congestion |
Asterisk denotes strength of level
06:40 GMT - Pressure remains on the upside and break above the 1.1100 level see room for retest of the critical 1.1150/1.1180, JulyNovember 2024 year highs. However, both daily and monthly studies are pushing deep into overbought areas and caution corrective pullback and reaction at the 1.1150/1.1180 highs can be expected. Meanwhile, support is raised to the 1.1065/50 congestion area which now underpin. Would take break here to open up room for deeper corrective pullback to support at 1.1000/1.0990, congestion and July high.