Chart NZD/USD Update: Focus on the .5625, June YTD low
Edged lower to reach support at the .5650 congestion where oversold intraday studies suggest scope for consolidation
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5850 | ** | congestion, 200-day MA | S1 | .5650 | * | congestion | |
| R3 | .5800 | ** | congestion | S2 | .5625 | ** | 26 Jun YTD low | |
| R2 | .5750 | * | congestion | S3 | .5600 | * | congestion | |
| R1 | .5700 | * | congestion | S4 | .5578 | ** | Nov 2025 low |
Asterisk denotes strength of level
00:30 GMT - Edged lower to reach support at the .5650 congestion where oversold intraday studies suggest scope for consolidation. Daily studies are stretched as well but pressure remains on the downside and break here will see room to target the nearby .5625, June current year low. Would expect reaction here but a later break cannot be ruled out to extend the broad losses from the .6092 January current year high to .5600/.5578 congestion and November 2025 low. Meanwhile, resistance at the .5700 level now expected to cap. Only above here will ease the downside pressure and see room for stronger bounce to resistance at .5750/.5800 area.