Published: 2025-06-02T00:35:18.000Z
Chart NZD/USD Update: Higher in range, focus on .6000/30
Technical Analyst
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Higher in range from above support at .5935/23 congestion as prices extend the broad choppy gains from .5845, 12 May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6100/20 | * | congestion, 11 Oct high | S1 | .5935/23 | * | congestion, 30 May low | |
| R3 | .6050 | * | congestion | S2 | .5900 | * | congestion | |
| R2 | .6030/35 | ** | 26 May YTD high, 61.8% | S3 | .5850/45 | ** | congestion, 12 May low | |
| R1 | .6000 | * | congestion | S4 | .5800 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Higher in range from above support at .5935/23 congestion as prices extend the broad choppy gains from .5845, 12 May low. Focus is on the .6000 level and break here will open up room for retest of .6030/35, 26 May YTD high and 61.8% Fibonacci level. Clearance will see extension to .6050/.6100 congestion. Meanwhile, support at .5935/23 area should underpin. Close below here, if seen, will see room for deeper pullback to congestion at the .5900 level. Below this will expose critical support at .5850/45 lows to retest.