Published: 2025-03-25T01:38:11.000Z
Chart NZD/USD Update: Consolidating above .5700
Technical Analyst
1
Drifting lower from the .5830 high of last week to approach the .5700 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5845/50 | ** | 38.2%, Apr/Aug lows | S1 | .5700 | * | congestion | |
| R3 | .5830 | * | 18 Mar YTD high | S2 | .5676 | ** | 11 Mar low | |
| R2 | .5800 | * | congestion | S3 | .5650 | * | congestion | |
| R1 | .5773 | * | Feb high | S4 | .5584 | ** | 28 Feb low |
Asterisk denotes strength of level
01:25 GMT - Drifting lower from the .5830 high of last week to approach the .5700 congestion. This should underpin while break will see room for deeper slippage to the .5676/50 congestion area. Corrective pullback expected to give way to fresh buying interest later with resistance starting at the .5773, February high. Regaining this will return focus to the upside for retest of the .5800 level and the .5830 high. Clearance here will extend gains from the February low and see room to the strong resistance at .5845/50, 38.2% Fibonacci level and April/August lows.