Published: 2025-03-14T00:26:53.000Z
Chart NZD/USD Update: Extend consolidation below .5759 high
Technical Analyst
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Little change, as prices extend consolidation below the .5759 high following rally from the .5584, late-February low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5845/50 | ** | 38.2%, Apr/Aug lows | S1 | .5700 | * | congestion | |
| R3 | .5800 | * | Nov low, congestion | S2 | .5650/40 | * | congestion | |
| R2 | .5773 | ** | 21 Feb YTD high | S3 | .5600 | * | congestion | |
| R1 | .5759 | * | 6 Mar high | S4 | .5584 | ** | Feb low |
Asterisk denotes strength of level
00:20 GMT - Little change, as prices extend consolidation below the .5759 high following rally from the .5584, late-February low. The resulting flag pattern suggest consolidation giving way to retest of the .5759 high and where break will open up the February YTD high at .5773 to retest. Clearance will extend the broader gains from the .5515 February low to retrace losses from the September high and see extension to the .5800 level. Higher still, will see room to the strong resistance at .5845/50 area. Meanwhile, support at the .5700/.5670 area underpin and sustain bounce from the .5584 low.