Published: 2026-08-12T00:33:39.000Z
Chart NZD/USD Update: Sideways within a narrow range
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Little change, as prices extend consolidation below the .5900/08 level and high of last week and unwind overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5850 | * | congestion | |
| R3 | .5995 | ** | May high | S2 | .5815/00 | * | May low, congestion | |
| R2 | .5950 | * | congestion | S3 | .5770/62 | ** | congestion, 23 Jul low | |
| R1 | .5900 | * | congestion | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:25 GMT - Little change, as prices extend consolidation below the .5900/08 level and high of last week and unwind overbought daily studies. The resulting flag pattern suggest scope for eventual break higher to extend recent gains from the .5770/62 area to target resistance at .5930/50 congestion area. Beyond this will see potential for retest of the .5995, May high. Meanwhile, support remains at the .5860/50 congestion area. Failure here will open up room for corrective pullback to support at the .5815/.5800, May low and congestion area.