Published: 2026-07-23T00:33:48.000Z
Chart NZD/USD Update: Leaning lower
2
Leaning lower in consolidation following rejection from the .5872 Tuesday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5815/00 | ** | May low, congestion | |
| R3 | .5900 | * | congestion | S2 | .5770 | * | 11 Jun low | |
| R2 | .5872 | 21 Jul high | S3 | .5750 | * | congestion | ||
| R1 | .5850 | * | congestion | S4 | .5727 | ** | 3 Jul high |
Asterisk denotes strength of level
00:30 GMT - Leaning lower in consolidation following rejection from the .5872 Tuesday's high as prices unwind overbought daily studies. Pullback see support at the .5815/00 congestion area which is expected to underpin. Failure here, will open up room for deeper pullback to strong support at the .5770/50 area before giving way to renewed buying interest. Meanwhile, break above resistance at the .5850/72 area will see room for further gains within the channel from the January high and see room to .5900/.5950 congestion. Clearance here will turn focus to .5995 June high.