Published: 2026-03-11T00:45:32.000Z
Chart NZD/USD Update: Extend choppy trade within .5950/.5850 area
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Remains in choppy trade within the .5950/.5850 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6093 | ** | 29 Jan YTD high | S1 | .5850 | * | Dec high, congestion | |
| R3 | .6050 | * | congestion | S2 | .5836 | * | 3 Mar low, 50% | |
| R2 | .6000/10 | ** | congestion, 26 Feb high | S3 | .5800 | ** | congestion | |
| R1 | .5930/50 | ** | Feb low, congestion | S4 | .5775 | * | 61.8% Nov/Jan rally |
Asterisk denotes strength of level
00:35 GMT - Remains in choppy trade within the .5950/.5850 area with mixed daily studies suggesting ranging action likely to extend. Would take break above resistance at the .5950 congestion to return focus to the upside and see room to retest the .6000 level. Clearance here will open up room for retest of the .6050 congestion and .6093, January current year high. Meanwhile, support at the .5850 congestion and .5836 Fibonacci level now expected to underpin. Only below these will open up room for deeper correction of the November/January rally to strong support at the .5800 level.