Published: 2025-09-19T00:47:37.000Z
Chart NZD/USD Update: Under pressure, room to extend losses
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Sharply lower following break of congestive support at .5950 to see follow-through to break strong support at the .5915/00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050 | * | congestion | S1 | .5850/30 | * | congestion, Mar high | |
| R3 | .6000/07 | ** | 61.8%, 17 Sep high | S2 | .5800 | ** | Aug low, 50% | |
| R2 | .5950 | * | congestion | S3 | .5772 | * | Feb high | |
| R1 | .5900/15 | * | congestion | S4 | .5730 | * | 61.8% Apr/Jul rally |
Asterisk denotes strength of level
00:35 GMT - Sharply lower following break of congestive support at .5950 to see follow-through to break strong support at the .5915/00 area. Negative daily studies weighs and lower will see room for extension to support at the .5850/30 congestion and the .5800 August low and 50% Fibonacci level. Would expect these to underpin and contain corrective pullback. Meanwhile, resistance is lowered to the .5900/15 area and extending to .5950 congestion. Regaining the latter needed to revive the upside focus and see room for retest of the .6000 level and higher.