Published: 2025-09-18T00:50:00.000Z
Chart NZD/USD Update: Extend corrective pullback from .6000 level
0
-
No follow-through on break of the .6000 level as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6120 | ** | 1 Jul YTD high | S1 | .5915/00 | ** | 1 Sep high, congestion | |
| R3 | .6050/60 | * | congestion | S2 | .5850/30 | * | congestion, Mar high | |
| R2 | .6000 | ** | congestion, 61.8% | S3 | .5800 | ** | Aug low, 50% | |
| R1 | .5950 | congestion | S4 | .5772 | * | Feb high |
Asterisk denotes strength of level
00:35 GMT - No follow-through on break of the .6000 level as prices unwind overbought intraday and daily studies to correct gains from the .5800 August low. Below the .5950 congestion see room for deeper correction to strong support at .5915/00 area which is expected to underpin. Break here will see risk for retest of the .5850/30 congestion and .5800 level. Meanwhile, resistance is at .5950 congestion. Regaining this will revive the upside focus and see room for retest of the .6000 level and higher.