Published: 2026-03-10T06:59:42.000Z
Chart AUD/NZD Update: Retest 1.1980 high, scope for break
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Consolidation at the 1.1900 level has given way to bounce to retest the 1.1980 high of last week
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2150 | * | congestion | S1 | 1.1850 | * | congestion | |
| R3 | 1.2100 | * | Jun 2013 high | S2 | 1.1800 | * | congestion | |
| R2 | 1.2000 | * | figure, congestion | S3 | 1.1760 | * | 38.2% Nov/Mar rally | |
| R1 | 1.1980 | ** | 3 Mar YTD high | S4 | 1.1700/80 | ** | congestion, 17 Feb low |
Asterisk denotes strength of level
06:50 GMT - Consolidation at the 1.1900 level has given way to bounce to retest the 1.1980 high of last week. Clearance here will further extend the bullish structure further the April low and see room for extension to target the 1.2000 figure. Higher still, will further extend the broader gains from the 2020 year low to retrace losses from the 2011 high to 1.2100/50 area. Meanwhile, support is raised to the 1.1900/1.1850 area which should underpin. Only below here and the 1.1800 congestion will see room to deeper pullback to the 1.1700/1.1680 support.