AUD/NZD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
AUD/NZD 4-hour chart highlights a market currently recovering from a recent corrective pullback, trading at 1.22101. After establishing a peak near the resistance level of 1.22550 and subsequently consolidating, the price dipped below the 1.21690 support level to find a local bottom near the 1.21540 level. From there, bulls regained control, leading to a strong upward reversal that successfully reclaimed the 1.21690 line as support. Currently, the price is approaching a key intermediate resistance zone at 1.22260; a decisive breakout above this level would likely clear the path for a retest of the major swing high at 1.22550, while a failure to push higher could trigger a minor pullback back toward the 1.21690 support zone.





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