Published: 2025-04-10T00:54:30.000Z
Chart NZD/USD Update: Outside range reversing steep drop from .5850 high
Technical Analyst
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Rebound from the .5484 low see the resulting outside range reversing steep drop from the .5850 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5800 | * | congestion | S1 | .5600 | * | congestion | |
| R3 | .5772 | * | Feb high | S2 | .5515/00 | * | Feb low, congestion | |
| R2 | .5700 | * | congestion | S3 | .5484 | ** | 9 Apr YTD low | |
| R1 | .5648 | * | 31 Mar low | S4 | .5470 | ** | 2020 year low |
Asterisk denotes strength of level
00:45 GMT - Rebound from the .5484 low see the resulting outside range reversing steep drop from the .5850 high of last week to reach the .5648 resistance. Both intraday and daily studies have turned up from oversold readings and suggest scope for stronger gains going forward to retest the .5700 level. Beyond this will see room for retest of the .5772 February high then the .5800 level. Meanwhile, support is raised to the .5600 congestion and this should now underpin and sustain gains from the .5484 low.