Published: 2025-06-25T00:39:54.000Z
Chart NZD/USD Update: Consolidating below .6050, room to extend
Technical Analyst
1
Break above the .6000 level saw gains faltering just shy of resistance at the .6050 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6165 | * | 76.4% Sep/Apr fall | S1 | .6000 | * | congestion | |
| R3 | .6100 | * | congestion | S2 | .5950 | * | congestion | |
| R2 | .6087 | ** | 16 Jun YTD high | S3 | .5900 | * | congestion | |
| R1 | .6050 | * | congestion | S4 | .5882 | ** | 23 Jun low |
Asterisk denotes strength of level
00:30 GMT - Break above the .6000 level saw gains faltering just shy of resistance at the .6050 congestion as intraday studies unwind overbought readings. However, bullish momentum from the .5882 low keep focus on the upside and suggest scope for retest of the .6050 resistance and .6087 high. Clearance here will further extend the April gains to retrace losses from September high and see room to .6100 level and .6165, 76.4% Fibonacci level. Meanwhile, support is raised to the .6000 congestion which should underpin.