Published: 2026-03-24T00:51:03.000Z
Chart NZD/USD Update: Extend consolidation
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Volatile trade saw losses to .5762 low ahead of rebound to settled into consolidation at .5850
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/30 | * | congestion, 26 Feb high | S1 | .5800 | * | congestion | |
| R3 | .5930/50 | ** | 6 Feb low, congestion | S2 | .5775 | * | 61.8% Nov/Jan rally | |
| R2 | .5900 | * | congestion | S3 | .5762 | * | 23 Mar low | |
| R1 | .5892 | * | 19 Mar high | S4 | .5710 | ** | 9 Jan YTD low |
Asterisk denotes strength of level
00:40 GMT - Volatile trade saw losses to .5762 low ahead of rebound to settled into consolidation at .5850. Further choppy trade can be expected with mixed daily studies suggesting further losses likely limited with prices expected to consolidate above the .5775/.5762 lows. Meanwhile, resistance remains at the .5892/.5900 high of last week and congestion area. Would need to clear this to open up room for stronger bounce to retest strong resistance at the .5930/50 area. Regaining this will fade the downside pressure and return focus to the February/January highs.