Published: 2025-06-25T07:25:14.000Z
Chart AUD/NZD Update: Extending pullback from 1.0840 high
Technical Analyst
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Extending pullback from Monday's high at 1.0840 as prices unwind overbought daily studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0910 | ** | 21 Mar high, 50% | S1 | 1.0750 | * | congestion | |
| R3 | 1.0882 | * | 22 May high | S2 | 1.0725 | ** | 3 Jun low | |
| R2 | 1.0850 | * | congestion | S3 | 1.0700 | * | congestion | |
| R1 | 1.0800 | * | congestion | S4 | 1.0650 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
07:20 GMT - Extending pullback from Monday's high at 1.0840 as prices unwind overbought daily studies to retrace gains from the 1.0725, 3 Jun low. Below 1.0800 level see room for retest of congestion at 1.0750 then the 1.0725 low. Below these will open up room for retest of the 1.0700 congestion. Lower still, will return focus to the 1.0650, 22 April current year low. Meanwhile, resistance at 1.0800 congestion is expected to cap. Clearance here is needed to open up room for retest of the 1.0850 congestion and the strong resistance at 1.0910/30 area.