Published: 2026-03-24T06:59:27.000Z
Chart AUD/NZD Update: Extending losses
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Extending rejection from the 1.2150 high of last week as prices unwind overbought daily and weekly studies
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2200 | * | congestion | S1 | 1.1900 | * | congestion | |
| R3 | 1.2150 | ** | 17 Mar YTD high | S2 | 1.1830/00 | * | 2 Mar low, congestion | |
| R2 | 1.2050 | * | congestion | S3 | 1.1695/80 | ** | Jan high, 17 Feb low | |
| R1 | 1.2000 | * | congestion | S4 | 1.1635 | * | Nov high |
Asterisk denotes strength of level
06:50 GMT - Extending rejection from the 1.2150 high of last week as prices unwind overbought daily and weekly studies. Below the 1.2000/1.1980 area see room for extension to support at the 1.1900 congestion and the 1.1830/00, 2 March low and congestion area. Lower still, will see room for deeper pullback to 1.1695/80 January high 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.