Published: 2026-05-05T00:34:43.000Z
Chart NZD/USD Update: Leaning lower in consolidation below .5930 resistance
-
Little change, as prices extend consolidation below resistance at .5930
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050 | * | congestion | S1 | .5850 | * | congestion | |
| R3 | .6000/10 | * | congestion, 26 Feb high | S2 | .5815 | ** | 29 Apr low | |
| R2 | .5950 | * | congestion | S3 | .5800 | * | congestion | |
| R1 | .5930 | ** | 17 Apr high | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Little change, as prices extend consolidation below resistance at .5930. Negative daily studies threatens retest of support at the .5850 congestion and where break will expose the .5815 low of last week to retest. The latter and the .5800 level expected to underpin on pullback and sustain gains from the .5680, 3 April current year low. Consolidation expected to give way to renewed buying interest later to retest the .5930 resistance. A later break here will further retrace the January/April losses and see room for extension to resistance at the .5950 congestion and the .6000/10 area.