Published: 2026-04-22T00:38:20.000Z
Chart NZD/USD Update: Extending bounce from .5850 support
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Bounce from the .5850 support see pressure returning to the upside and see potential for retest of the .5930 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050 | * | congestion | S1 | .5850 | * | congestion | |
| R3 | .6000/10 | * | congestion, 26 Feb high | S2 | .5800/95 | * | congestion, 13 Apr low | |
| R2 | .5950 | * | congestion | S3 | .5750 | * | congestion | |
| R1 | .5930 | ** | Feb low | S4 | .5680 | ** | 3 Apr YTD low |
Asterisk denotes strength of level
00:30 GMT - Bounce from the .5850 support see pressure returning to the upside and see potential for retest of the .5930 resistance. Clearance here will extend gains from the .5680 low of 3 April and see room to .5950 congestion. Higher still, will turn focus to the .6000/10 figure and 26 February high. Meanwhile, support at .5850 congestion should underpin. Failure here will open up room for deeper pullback to retrace gains from the .5680 low and open up room for corrective pullback to the .5800/.5795 congestion and 13 April low.