Published: 2026-11-12T06:02:33.000Z
Chart AUD/NZD Update: Consolidating, room for lower later
1
Little change, as prices edged up from the 1.2230 low to consolidate losses from the 1.2600 October current year high
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2495 | ** | 14 Oct high | S1 | 1.2230 | 10 Nov low | ||
| R3 | 1.2450 | * | congestion | S2 | 1.2200 | ** | congestion | |
| R2 | 1.2400 | * | congestion | S3 | 1.2150 | * | congestion | |
| R1 | 1.2350 | * | congestion | S4 | 1.2100 | ** | congestion, Aug high |
Asterisk denotes strength of level
06:00 GMT - Little change, as prices edged up from the 1.2230 low to consolidate losses from the 1.2600 October current year high. Consolidation see prices unwinding oversold intraday and daily studies but this is expected to give way to renewed selling pressure later to retrace the August/October rally. Lower will see room to support at the 1.2200 level then the 1.2150, August high. Meanwhile, resistance remains at the 1.2350/1.2400 congestion area which is expected to cap and sustain losses from the 1.2600 high.