Published: 2026-10-30T06:39:21.000Z
Chart AUD/NZD Update: Leaning lower in consolidation
1
Settled back from fresh year high at the 1.2600 level as prices consolidate strong gains from the 1.2270 low of 16 October
| 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 | 1.2490/95 | * | Sep, 14 Oct highs | S4 | 1.2270 | ** | 16 Oct low |
Asterisk denotes strength of level
06:30 GMT - Settled back from fresh year high at the 1.2600 level as prices consolidate strong gains from the 1.2270 low of 16 October. Daily studies are unwinding overbought reading and pullback below the 1.2490/95 previous highs suggest room for deeper pullback to retrace gains from the 1.1915, August low. Lower will see room to 1.2450/1.2400 congestion area then the 1.2340, 38.2% Fibonacci retracement. Meanwhile, resistance at the 1.2490/95 highs now expected to cap and sustain pullback from the 1.2600 high.