Published: 2026-06-04T00:40:15.000Z
Chart NZD/USD Update: Under pressure
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Sharply lower through the .5930/00 support as prices extend rejection from the .5990 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5850 | * | congestion | |
| R3 | .5990 | ** | 6 May high | S2 | .5835 | * | 200-day MA, 50% | |
| R2 | .5930 | * | congestion, Apr high | S3 | .5815/00 | ** | May low, 61.8% | |
| R1 | .5900 | * | congestion | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Sharply lower through the .5930/00 support as prices extend rejection from the .5990 resistance. Nearby see support at .5850 within reach. Below here will expose strong support area starting at 5835, 200-day MA and 50% Fibonacci level. Lower still will see room to .5815/00, May low and 61.8% Fibonacci level. Meanwhile, resistance is lowered to the .5900/30 congestion area and April high which is expected to cap. Would take break here to revive the upside focus and see room for retest of .5990 resistance and the .6000 figure.