Published: 2025-09-12T00:49:55.000Z
Chart NZD/USD Update: Extending gains, focus turn to .6000
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Saw bounce from the .5915/.5900 support through the .5950 congestion to further retrace the July/August losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6120 | ** | 1 Jul YTD high | S1 | .5950 | * | congestion | |
| R3 | .6100 | * | figure | S2 | .5915/00 | * | 1 Sep high, congestion | |
| R2 | .6050/60 | ** | congestion, 24 Jul high | S3 | .5850/30 | * | congestion, Mar high | |
| R1 | .5995/00 | ** | Aug high, congestion | S4 | .5800 | ** | Aug low, 50% |
Asterisk denotes strength of level
00:35 GMT - Saw bounce from the .5915/.5900 support through the .5950 congestion to further retrace the July/August losses. Focus now turn to the .6000 level and where reaction can be expected with daily studies pushing deep into overbought areas. A later break here will open up room to the .6050/60 area. Meanwhile, support is raised to the .5950 congestion and this extend to the .5915/00 area which is expected to underpin and sustain gains from the .5800, August low.