Published: 2026-07-24T00:47:12.000Z
Chart NZD/USD Update: Consolidating at .5770 support
1
Break of support at .5815/00 area see prices extending rejection from .5872 Tuesday's high to reach support at .5770
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5770 | * | 11 Jun low | |
| R3 | .5900 | * | congestion | S2 | .5750 | * | congestion | |
| R2 | .5850/72 | ** | congestion, 21 Jul high | S3 | .5727/00 | ** | 3 Jul high, congestion | |
| R1 | .5800 | * | congestion | S4 | .5680 | * | Apr low |
Asterisk denotes strength of level
00:30 GMT - Break of support at .5815/00 area see prices extending rejection from .5872 Tuesday's high to reach support at .5770. Daily studies have turn lower to unwind overbought readings and threatens deeper pullback to retrace strong gains from the June low to the .5750 congestion. Lower still, will see room for deeper pullback to .5750 congestion and strong support at the .5727/00 area. Meanwhile, resistance is lowered to the .5800 level which is expected to cap corrective bounce.