Published: 2026-08-17T00:37:36.000Z
Chart NZD/USD Update: Extending gains
1
Sharply higher as prices extend bounce from the .5821 low to retest the .5900 level
| 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
00:30 GMT - Sharply higher as prices extend bounce from the .5821 low to retest the .5900 level. The daily studies haver turned up from oversold areas and suggest break here to extend the broader gains from the June current year low towards resistance at .5930/50 congestion and channel top from the January high. Clearance here will see potential for extension to retest the .5995, May high. Meanwhile, support at the .5850 congestion and extending to the .5821 low of last week should now underpin and sustain bullish gains from the June low.