Published: 2025-11-13T07:07:28.000Z
Chart AUD/NZD Update: Extending gains, but stretched
1
Consolidation below the 1.1600 level has given way to break to reach fresh high at 1.1636
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1900 | * | 50% 2011/2020 fall | S1 | 1.1525 | * | 11 Nov low | |
| R3 | 1.1800 | * | congestion | S2 | 1.1500 | * | congestion | |
| R2 | 1.1740 | * | Jun 2013 low | S3 | 1.1445 | ** | Oct high | |
| R1 | 1.1660 | * | Sep 2013 high | S4 | 1.1400 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Consolidation below the 1.1600 level has given way to break to reach fresh high at 1.1636. Higher still, will see room to extend gains from the March 2020 year low and parity level to resistance at 1.1660, September 2013 high. However, deep overbought daily and weekly studies caution corrective pullback with support raised to 1.1525/1.1500 congestion area. Below this will open up room for deeper pullback to retrace strong gains from the 1.0650 April current year low and see room to 1.1445/1.1400, October high and congestion area.