Published: 2026-07-10T00:38:24.000Z
Chart NZD/USD Update: Extending June gains
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Consolidation at the .5700 level has given way to extension above the .5727 high of last week to approach strong resistance at .5770/80
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5850 | * | congestion | S1 | .5700 | * | congestion | |
| R3 | .5815 | ** | May low | S2 | .5680/70 | * | Apr, 8 Jul lows | |
| R2 | .5800 | * | congestion | S3 | .5650 | congestion | ||
| R1 | .5770/80 | ** | 11, 8 Jun lows | S4 | .5625 | ** | 26 Jun YTD low |
Asterisk denotes strength of level
00:30 GMT - Consolidation at the .5700 level has given way to extension above the .5727 high of last week to approach strong resistance at .5770/80 previous lows. Reaction here can be expected but the positive daily studies suggest scope for break later to extend the June gains and further retrace losses from the May high. Higher will see room for extension to the .5800/15 congestion and May low. Meanwhile, support at the .5700 level and extending to the .5670 pullback low should underpin and sustain gains from the .5625 low.