Published: 2026-03-18T00:48:55.000Z
Chart NZD/USD Update: Higher in consolidation
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Edging higher from test of the .5775 Fibonacci level to consolidate at the .5850 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5820/00 | * | congestion | |
| R3 | .5930/50 | ** | 6 Feb low, congestion | S2 | .5775 | * | 61.8% Nov/Jan rally | |
| R2 | .5900 | * | congestion | S3 | .5750 | * | congestion | |
| R1 | .5870 | * | 200-day MA | S4 | .5710/00 | ** | Jan low, 76.4% |
Asterisk denotes strength of level
00:35 GMT - Edging higher from test of the .5775 Fibonacci level to consolidate at the .5850 level. Nearby see resistance at the 200-day MA, currently at .5870, where clearance is needed to open up room for stronger gains to the .5900 level. Higher still, see strong resistance at .5930/50 area expected to cap. Would take break to revive upside focus for return to the .6100 level and .6120, 2025 year high. Meanwhile, support at the .5820/00 area should underpin and sustain bounce from the .5775 low.