Published: 2026-03-26T06:46:02.000Z
Chart AUD/NZD Update: Consolidating, room for lower later
-
Edged up from the 1.1935 low as prices consolidate losses from the 1.2150 high and unwind oversold intraday studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2200 | * | congestion | S1 | 1.1910/00 | * | 38.2%, congestion | |
| R3 | 1.2150 | ** | 17 Mar YTD high | S2 | 1.1830/00 | * | 2 Mar low, congestion | |
| R2 | 1.2050 | * | congestion | S3 | 1.1700 | * | congestion | |
| R1 | 1.2000 | * | congestion | S4 | 1.1680 | 17 Feb low |
Asterisk denotes strength of level
06:40 GMT - Edged up from the 1.1935 low as prices consolidate losses from the 1.2150 high and unwind oversold intraday studies. However, the downside remains vulnerable and consolidation expected to give way to renewed selling pressure later. Lower will see room for deeper pullback to retrace gains from the January low to 1.1910, 38.2% Fibonacci level. Below this will see deeper pullback to support at 1.1830/00, 2 March low and congestion area. Meanwhile, resistance is lowered to the 1.2000/50 congestion area which is expected to cap and sustain losses from the 1.2150 high.