Published: 2026-03-06T00:43:55.000Z
Chart NZD/USD Update: Choppy in consolidation
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Extending choppy trade around the .5900 level as prices consolidate Tuesday's spike to .5836, Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6075 | * | Feb high | S1 | .5850 | * | Dec high, congestion | |
| R3 | .6050 | * | congestion | S2 | .5836 | * | 3 Mar low, 50% | |
| R2 | .6000 | ** | figure, congestion | S3 | .5800 | ** | congestion | |
| R1 | .5950 | ** | congestion | S4 | .5775 | * | 61.8% Nov/Jan rally |
Asterisk denotes strength of level
00:30 GMT - Extending choppy trade around the .5900 level as prices consolidate Tuesday's spike to .5836, Fibonacci level. Daily studies have turned mixed and suggest consolidation likely to extend before giving way to fresh selling pressure later. Close below support at the .5850 high of December high and .5836 low will see room for deeper corrective pullback to retrace the November/January rally to the strong support at the .5800 level and .5775, 61.8% Fibonacci level. Meanwhile, resistance remains at the .5950/.6000 congestion is expected to cap.