Published: 2026-06-17T00:35:43.000Z
Chart NZD/USD Update: Lower in consolidation from .5865 high
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Lower in consolidation following rejection from the .5865 Monday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5990/95 | ** | May highs | S1 | .5815/00 | * | May low, congestion | |
| R3 | .5930 | ** | Feb low | S2 | .5770 | ** | 11 Jun low | |
| R2 | .5900 | * | congestion | S3 | .5750 | * | congestion | |
| R1 | .5850 | ** | congestion | S4 | .5700 | * | Mar low, congestion |
Asterisk denotes strength of level
00:30 GMT - Lower in consolidation following rejection from the .5865 Monday's high and mixed daily studies suggest consolidation here and the .5800 level likely to extend. However, the resulting bear flag threatens break of the .5770 low to extend losses from the .5995 May high to open up room for extension to support at the .5750 congestion then the .5700/.5680, March and April lows. Meanwhile, resistance remains at .5850 congestion. Would take break here to open up room for retest of the .5900 level then the strong resistance at the .5930/50 February low and congestion area.