Published: 2026-08-20T00:41:10.000Z
Chart NZD/USD Update: Extending gains
1
Consolidation below the .5900 level has given way to rebound from the .5860 low to reach towards resistance at .5950 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050 | * | congestion | S1 | .5900 | * | congestion | |
| R3 | .6000/13 | * | congestion, 26 Feb high | S2 | .5860/50 | * | 19 Aug low, congestion | |
| R2 | .5995 | ** | May high | S3 | .5820/15 | ** | 13 Aug, May lows | |
| R1 | .5950 | * | congestion | S4 | .5762 | ** | 29 Jul low |
Asterisk denotes strength of level
00:30 GMT - Consolidation below the .5900 level has given way to rebound from the .5860 low to reach towards resistance at .5950 congestion and channel from the January high. Break here will extend the broader gains from the .5625 June current year low and turn focus to the May high at .5995 and the .6000 figure where reaction can be expected as daily and weekly extend into overbought areas. Meanwhile, support is raised to the .5900 level which should underpin and sustain bullish bounce from the .5860 and .5820, 19 and 13 August higher lows.