Published: 2026-05-20T00:35:23.000Z
Chart NZD/USD Update: Still heavy, .5815 support at risk
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Consolidation has given way to fresh selling pressure to approach the .5815 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5815 | ** | 29 Apr low | |
| R3 | .5990 | ** | 6 May high | S2 | .5800 | * | congestion | |
| R2 | .5930 | ** | Feb low, congestion | S3 | .5750 | * | congestion | |
| R1 | .5900 | * | congestion | S4 | .5700 | * | congestion |
Asterisk denotes strength of level
00:25 GMT - Consolidation has given way to fresh selling pressure to approach the .5815 support. Negative daily and weekly studies suggest scope for break here to further extend losses from the .5990 high of 6 May to open up room for deeper pullback to .5750 congestion. Break here, if seen, will turn focus to support at the .5700 congestion and .5680, April current year low. Meanwhile, resistance remains at the .5900 level which is expected to cap bounce attempt. Would need to regain this and the .5930 resistance to fade the downside pressure and clear the way for retest of the .5990 high.