Published: 2026-09-11T00:50:09.000Z
Chart NZD/USD Update: Consolidating at .5800
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Limited on break of the .5800 as prices edged up from around .5790 low to unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5800 | * | congestion | |
| R3 | .5930 | * | 1 Sep high | S2 | .5762 | * | 23 Jul low, 61.8% | |
| R2 | .5900 | ** | congestion | S3 | .5750 | * | congestion | |
| R1 | .5850 | * | congestion | S4 | .5700 | * | congestion |
Asterisk denotes strength of level
00:40 GMT - Limited on break of the .5800 as prices edged up from around .5790 low to unwind oversold intraday studies following rejection from the .5900 high of last Friday. However, the negative daily and weekly studies suggest this giving way to renewed selling pressure later to further retrace gains from the June low. Lower will see room to the .5762/50, 61.8% Fibonacci level and congestion area. Meanwhile, resistance is lowered to the .5850 congestion. Would need to regain this to ease the bearish pressure and open up room for consolidation to the .5900 level.