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.