Published: 2026-09-09T06:47:16.000Z
Chart AUD/NZD Update: Extension to fresh year high
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Break above the 1.2285 May high has see extension to fresh year high at the 1.2345, 61.8% Fibonacci level
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2500 | * | congestion | S1 | 1.2285 | ** | May high | |
| R3 | 1.2450 | * | congestion | S2 | 1.2250 | * | congestion | |
| R2 | 1.2400 | * | congestion | S3 | 1.2200 | * | congestion | |
| R1 | 1.2345 | * | 61.8% 2011/2020 fall | S4 | 1.2150 | * | Mar high |
Asterisk denotes strength of level
06:40 GMT - Break above the 1.2285 May high has see extension to fresh year high at the 1.2345, 61.8% Fibonacci level. Positive daily and weekly studies keep pressure on the upside and higher still will see scope for extension to 1.2400/50 congestion area. Would expect reaction here as daily studies extend into overbought areas. Meanwhile, support is raised to the 1.2285/1.2250, June high and congestion area which should underpin. Below here will open up room for deeper correction of the August gains to strong support at the 1.2200/1.2150 area.