Published: 2025-07-04T07:11:16.000Z
Chart AUD/NZD Update: Extend choppy trade from June low
Technical Analyst
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Break above the 1.0800 level extend choppy gains from the June low at 1.0725 to retest resistance at the 1.0840/50 congestion area
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.0930 | ** | Dec low | S1 | 1.0800 | * | congestion | |
| R3 | 1.0910 | ** | 21 Mar high, 50% | S2 | 1.0760/50 | * | 30 Jun low, congestion | |
| R2 | 1.0882 | * | 22 May high | S3 | 1.0725 | ** | 3 Jun low | |
| R1 | 1.0840/50 | * | 23 Jun high, congestion | S4 | 1.0700 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Break above the 1.0800 level extend choppy gains from the June low at 1.0725 to retest resistance at the 1.0840/50 congestion area. Clearance here will open up room for retest of strong resistance at 1.0910/1.0930, 50% Fibonacci level and December low. Corrective gains are expected to give way to renewed selling pressure later. Meanwhile, support is at the 1.0800 congestion which should underpin. Break here will return focus to the downside for retest of the June lows at the 1.0760/50 area and 1.0725.