AUD/NZD – Double top at 1.1635/30 with downside bias [Video]
|AUD/NZD has posted a clear double‑top formation around 1.1635/30, and the price action is now starting to reflect that exhaustion. We’ve had a strong bull run through 2025, but the market is overextended, and even the weekly charts are showing signs of topping out — consistent with the recent stall near 1.1630.
The first meaningful support comes in at 1.1545.
A break there exposes 1.1500, followed by 1.1480.
This structure looks like a classic DT setup, but the actual confirmation level sits much lower. By the time price reaches that break point, we should expect:
- Short‑covering from sellers who entered around 1.1600/30.
- Fresh buyers stepping in at the lower supports.
- A potential slowdown in bearish momentum as liquidity shifts.
Only if the market makes a break above 1.1650/60 — preferably on a closing basis — would the immediate downside pressure be removed. Until then, the bias remains for a corrective move lower.
This is not to be construed as investment advice — my money, my risk.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.