Published: 2025-07-24T00:31:43.000Z
Chart NZD/USD Update: Extending gains
Technical Analyst
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Break above the .6000 level further extend gains from the .5905 low to reach strong resistance at .6030/50 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6165 | * | 76.4% Sep/Apr fall | S1 | .6000 | * | congestion | |
| R3 | .6120 | ** | 1 Jul YTD high | S2 | .5950 | * | congestion | |
| R2 | .6087 | * | 16 Jun high | S3 | .5905/00 | ** | 17 Jul low, congestion | |
| R1 | .6030/50 | ** | 3 Jul low, congestion | S4 | .5882 | ** | Jun low |
Asterisk denotes strength of level
00:25 GMT - Break above the .6000 level further extend gains from the .5905 low to reach strong resistance at .6030/50 area. Bullish momentum and positive daily studies suggest consolidation here giving way to break later which will return focus to the upside for retest of the .6087 and .6120 highs. Meanwhile, support at the .6000 congestion should now underpin. Failure here will fade the upside pressure and see room for pullback towards the .5950 congestion and .5905 low.