Published: 2026-05-12T00:25:58.000Z
Chart NZD/USD Update: Range-bound above .5930 support
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Little change, as prices extend consolidation below the .5990 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6120 | ** | Jul 2025 yr high | S1 | .5930 | ** | Apr high | |
| R3 | .6092 | ** | 29 Jan YTD high | S2 | .5850 | * | congestion | |
| R2 | .6050 | * | congestion | S3 | .5815 | ** | 29 Apr low | |
| R1 | .6000/10 | * | congestion, 26 Feb high | S4 | .5800 | * | congestion |
Asterisk denotes strength of level
00:20 GMT - Little change, as prices extend consolidation below the .5990 high of last week. Consolidation here is expected to give way to fresh gains later to further retrace the January/April losses to the nearby resistance at the .6000/10 area. Clearance here will see potential to the .6050 congestion but focus will turn to the .6092 current year high of 29 January. Meanwhile, support remains at the .5930 April high and extending to the .5900 level which should underpin. Below here will see scope for pullback towards support at the .5900/.5850 congestion and .5815 low of 29 April.