Published: 2026-09-02T07:02:54.000Z
Chart AUD/NZD Update: Poised for retest of June/July highs
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Break above the 1.2100/30 resistance has seen sharp rally though the 1.2200 level to approach strong resistance at the 1.2250/58
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2345 | * | 61.8% 2011/2020 fall | S1 | 1.2200 | congestion | ||
| R3 | 1.2300 | * | congestion | S2 | 1.2130/00 | ** | congestion, 13 Aug high | |
| R2 | 1.2285 | ** | 26 May YTD high | S3 | 1.2050 | * | congestion | |
| R1 | 1.2250/58 | ** | congestion, Jun high | S4 | 1.1980 | ** | Jun low |
Asterisk denotes strength of level
07:00 GMT - Break above the 1.2100/30 resistance has seen sharp rally though the 1.2200 level to approach strong resistance at the 1.2250/58 congestion and June high. Above here will see scope for retest of the 1.2285 May current year high. Reaction here can be expected as daily studies extend into overbought areas. A later break here, if seen, will see room to 1.2300 level and 1.2345, 61.8% Fibonacci level. Meanwhile, support is raised to the 1.2200 congestion. Below here will open up room for deeper pullback to strong support at the 1.2130/1.2100 congestion and 13 August high.