Published: 2023-12-13T00:50:36.000Z
Chart NZD/USD Update: Leaning lower from .6222 high
Technical Analyst
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| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6300 | congestion | S1 | .6100 | congestion | |||
| R3 | .6273 | 27 Jul high | S2 | .6085 | * | Mar high | ||
| R2 | .6245 | * | 61.8% Feb/Oct fall | S3 | .6055 | * | Oct high | |
| R1 | .6222 | * | 4 Dec high | S4 | .6000 | * | congestion |
Asterisk denotes strength of level
00:20 GMT - Leaning lower in choppy trade from the .6222 high but the downside still limited and see support starting at the .6100 level. Daily studies are mixed and deeper pullback cannot be ruled out. Below this will see room to the strong support at the .6085/.6055, previous highs. This area should now underpin and higher low sought for retest the the .6200 level and .6222, Mon's high. Clearance here will extend gains from the Oct YTD low and see scope to .6245 Fibonacci retracement then the .6300 congestion.