Published: 2025-10-07T00:42:04.000Z
Chart NZD/USD Update: Consolidating, room for higher later
3
Little change, as prices extend consolidation within the .5800/50 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/07 | ** | 61.8%, 17 Sep high | S1 | .5800 | * | Aug low | |
| R3 | .5950 | * | congestion | S2 | .5755 | * | 26 Sep low | |
| R2 | .5900 | * | congestion | S3 | .5730 | * | 61.8% Apr/Jul rally | |
| R1 | .5850 | * | congestion, 3 Apr high | S4 | .5700 | congestion |
Asterisk denotes strength of level
00:40 GMT - Little change, as prices extend consolidation within the .5800/50 area. However, pressure building on the upside with positive daily studies suggesting consolidation giving way to further gains later. Above .5850 will see room for stronger gains within the bearish channel from the July high to retrace losses from the .6007 high to target the .5900 level. Higher still, will open up room to congestion at .5950. Meanwhile, support at the .5800 level is expected to underpin and sustain gains from the .5755 low.