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Published: 2025-10-07T00:42:04.000Z

Chart NZD/USD Update: Consolidating, room for higher later

0
1

Little change, as prices extend consolidation within the .5800/50 area

 LevelsImpComment  LevelsImpComment
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.

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Topics
NZD/USD-TA
DM-Technical
Technical Analysis

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