Published: 2025-09-17T00:31:42.000Z
Chart NZD/USD Update: Extending August gains
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Consolidation below the .5980 high of last week has given way to break to extend gains from the .5800, August low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6120 | ** | 1 Jul YTD high | S1 | .5950 | * | congestion | |
| R3 | .6100 | * | figure | S2 | .5915/00 | ** | 1 Sep high, congestion | |
| R2 | .6050/60 | * | congestion | S3 | .5850/30 | * | congestion, Mar high | |
| R1 | .6000 | ** | congestion, 61.8% | S4 | .5800 | ** | Aug low, 50% |
Asterisk denotes strength of level
00:25 GMT - Consolidation below the .5980 high of last week has given way to break to extend gains from the .5800, August low. Focus now turn to the .6000 level and 61.8% Fibonacci retracement of the July/August losses. Clearance here will open up room to the .6050/60 area with potential for extension to retest the .6100/20, July current year high. Meanwhile, support remains at the .5950 congestion which extend to the .5915/00 area, now expected to underpin and sustain gains from the .5800, August low.