Published: 2026-06-11T00:35:54.000Z
Chart NZD/USD Update: Leaning lower in consolidation
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Leaning lower in consolidation below .5850 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5930 | ** | Feb low | S1 | .5778 | * | 8 Jun low | |
| R3 | .5900 | * | congestion | S2 | .5750 | * | congestion | |
| R2 | .5850 | ** | congestion | S3 | .5700 | * | Mar low, congestion | |
| R1 | .5815 | * | May low, congestion | S4 | .5680 | ** | Apr low |
Asterisk denotes strength of level
00:30 GMT - Leaning lower in consolidation below resistance at .5850 congestion. Below .5815/.5800 support see room for retest of the .5778 low. Negative daily and weekly studies suggest consolidation giving way to break here to open up room for extension to .5750. Below this will see potential to retest the .5700/.5680, March and April lows. Meanwhile, resistance is lowered to .5815/.5850 congestion area which is expected to cap. Regaining this will fade the downside pressure and see room for stronger bounce back to .5900/30 resistance.