Published: 2026-07-06T00:40:23.000Z
Chart NZD/USD Update: Consolidating at .5700, still room for higher
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Break above .5700 resistance saw gains reaching .5725 high before settling into consolidation at the .5700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5800/15 | ** | congestion, May low | S1 | .5680 | * | Apr low | |
| R3 | .5770/80 | ** | 11, 8 Jun lows | S2 | .5650 | congestion | ||
| R2 | .5750 | * | congestion | S3 | .5625 | ** | 26 Jun YTD low | |
| R1 | .5700 | * | congestion | S4 | .5600 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Break above .5700 resistance saw gains reaching .5725 high before settling into consolidation at the .5700 level. However, pressure remins on the upside and suggest room for further gains ahead to retrace recent sharp losses from the mid-June high to the .5750 congestion. Higher will see room to strong resistance at the .5770/80 area. Meanwhile, support at .5680 should now underpin and sustain bounce from the .5625 low. Failure here, will extend the January losses and see room to .5600/.5578, channel support and November low.