Published: 2026-04-08T00:48:25.000Z
Chart NZD/USD Update: Extending gains
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Consolidation above the 3rd April current year low at .5680 has given way to sharp gains through the .5750/.5800 congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5928/50 | ** | Feb low, congestion | S1 | .5750 | * | congestion | |
| R3 | .5892/00 | * | 19 Mar high, congestion | S2 | .5700 | * | congestion | |
| R2 | .5850 | ** | congestion | S3 | .5680 | ** | 3 Apr YTD low | |
| R1 | .5800 | * | congestion | S4 | .5650 | * | congestion |
Asterisk denotes strength of level
00:40 GMT - Consolidation above the 3rd April current year low at .5680 has given way to sharp gains through the .5750/.5800 congestion area. Prices has since settled back from the .5818 high but daily studies have turned up from oversold areas and suggest room for further gains ahead. Break above the .5800 level will see room for stronger gains to retrace losses from the .6092, January YTD high to the .5850 congestion and .5892, 19 March high. Meanwhile, support is raised to the .5750 congestion which should now underpin and sustain bounce from the .5680 low.