Published: 2025-06-10T00:21:51.000Z
Chart NZD/USD Update: Poised for retest of .6080, current year high
Technical Analyst
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Higher in consolidation following bounce above the .6000 level to close above the .6035 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6165 | * | 76.4% Sep/Apr fall | S1 | .6000 | * | congestion | |
| R3 | .6150 | * | congestion | S2 | .5950/23 | * | congestion, 30 May low | |
| R2 | .6100/20 | ** | congestion, 11 Oct high | S3 | .5900 | * | congestion | |
| R1 | .6080 | ** | 5 Jun YTD high | S4 | .5550/45 | ** | congestion, 12 May low |
Asterisk denotes strength of level
00:20 GMT - Higher in consolidation following bounce above the .6000 level to close above the .6035 resistance. Bullish price action sustaining gains from the .5845 May low and see scope to retest .6080 high of last week. Break here will extend the broader gains from the April low and see room to target the .6100/20 level and 11 October high. Higher still, will see extension to .6150/.65, congestion and 76.4% Fibonacci level. Meanwhile, support at .6000 congestion is expected to underpin and sustain choppy gains from the .5845, May low