Published: 2026-04-16T00:29:58.000Z
Chart NZD/USD Update: Consolidating
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Little change, as prices extend consolidation below the .5920 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050 | * | congestion | S1 | .5850 | * | congestion | |
| R3 | .6000/10 | * | congestion, 26 Feb high | S2 | .5800/95 | * | congestion, 13 Apr low | |
| R2 | .5930/50 | ** | Feb low, congestion | S3 | .5750 | * | congestion | |
| R1 | .5920 | 14 Apr high | S4 | .5680 | ** | 3 Apr YTD low |
Asterisk denotes strength of level
00:25 GMT - Little change, as prices extend consolidation below the .5920 high and unwind overbought intraday studies. Daily studies are stretched as well and see the strong resistance at .5930/50 area limiting gains for now. However, consolidation here is expected to give way to renewed interest later to extend gains from the .5680 current year low. Higher will see scpe to target the .6000 figure. Meanwhile, support remain at the .5850 congestion which should underpin. Below this will delay bulls and see room for consolidation to support at the .5800/.5795 congestion and 13 April low.