Published: 2026-08-31T07:21:41.000Z
Chart AUD/NZD Update: Pressuring 1.2100/30 resistance
1
Break above 1.2100 see has seen gains to tag strong resistance at 1.2130 which is expected to cap
| Level | Comment | Level | Comment | |||||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.2256 | ** | 23 Jun high | S1 | 1.2050 | * | congestion | |
| R3 | 1.2200 | * | 8 Apr high, congestion | S2 | 1.2000 | * | congestion | |
| R2 | 1.2150 | * | Mar high, congestion | S3 | 1.1980 | ** | Jun low | |
| R1 | 1.2130 | ** | 3 Jul low | S4 | 1.1950 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Break above 1.2100 see has seen gains to tag strong resistance at 1.2130 which is expected to cap. Break here, if seen, will further extend gains from the 1.1915 low and see room to resistance at 1.2150 congestion then 1.2180/1.2200, May channel and congestion area. Gains are expected to give way to give way to fresh selling pressure later. Meanwhile, support is raised to the 1.2050 congestion. Would take break here to open up room for deeper pullback to strong support at the 1.2000/1.1980 congestion and June low. Below here will return focus to the 1.1915 low.