Published: 2025-06-20T00:37:28.000Z
Chart NZD/USD Update: Consolidating at .6000 level
Technical Analyst
1
Turned up from the .5958 low to consolidate at the .6000 level as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6165 | * | 76.4% Sep/Apr fall | S1 | .5950/25 | * | congestion, 30 May low | |
| R3 | .6100/20 | ** | congestion, 11 Oct high | S2 | .5900 | * | congestion | |
| R2 | .6087 | ** | 16 Jun YTD high | S3 | .5850/45 | ** | congestion, 12 May low | |
| R1 | .6050 | * | congestion | S4 | .5800 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Turned up from the .5958 low to consolidate at the .6000 level as prices unwind oversold intraday studies. Daily studies are tracking lower and suggest room for deeper pullback to retrace gains from the .5845, May low. Nearby see room to support at the .5950/.5925 area and the .5900 congestion. Meanwhile, resistance is lowered to the .6050 congestion. Clearance here and the .6087 high will see further extend gains from the April low and see room to resistance at the .6100/20 congestion and .6165, 76.4% Fibonacci level.