Published: 2025-07-29T00:38:05.000Z
Chart NZD/USD Update: Extending pullback from .6060 high
Technical Analyst
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Under pressure, as prices extend pullback from the .6060 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6120 | ** | 1 Jul YTD high | S1 | .5950 | * | congestion | |
| R3 | .6087 | * | 16 Jun high | S2 | .5905/00 | ** | 17 Jul low, congestion | |
| R2 | .6060/50 | ** | 24 Jul high, congestion | S3 | .5882 | ** | Jun low | |
| R1 | .6000 | * | congestion | S4 | .5845 | ** | May low |
Asterisk denotes strength of level
00:30 GMT - Under pressure, as prices extend pullback from the .6060 high and break below .6000 turning focus to the .5950 congestion. Both the daily and weekly studies have turned down to unwind overbought reading and threatens room for break to see extension to support at .5915/.5905, May trendline and 17 July low. Meanwhile, resistance is lowered to .6000 congestion which is expected to cap. Clearance here is needed to ease the bearish pressure and see room for stronger bounce to .6050/60 resistance.