Published: 2026-01-23T00:54:49.000Z
Chart NZD/USD Update: Extending sharp rally
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Follow-through above the .5850 resistance has seen sharp rally to reach fresh year high at .5928
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050/59 | * | congestion, 24 Jul high | S1 | .5900 | * | congestion | |
| R3 | .6000/07 | ** | congestion, Sep high | S2 | .5853/31 | * | Dec highs | |
| R2 | .5950 | * | congestion | S3 | .5800 | ** | Aug low, congestion | |
| R1 | .5928 | * | 22 Jan YTD high | S4 | .5755 | * | Sep low |
Asterisk denotes strength of level
00:45 GMT - Follow-through above the .5850 resistance has seen sharp rally to reach fresh year high at .5928 as retrace the July/November losses. Daily and weekly studies are tracking higher and suggest room further extend strong gains from the .5710 low of last week. Higher will see continuation to .5950 congestion then the .6000 figure. Meanwhile, support is raised to the .5900 level. Below this will delay bulls and see room for consolidation to strong support at the .5853/31 December highs.