Published: 2026-06-10T00:36:33.000Z
Chart NZD/USD Update: Consolidating above .5800
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Turned up from the .5778 low to consolidate above the .5800 level as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5778 | * | 8 Jun low | |
| R3 | .5930 | ** | Feb low | S2 | .5750 | * | congestion | |
| R2 | .5900 | * | congestion | S3 | .5700 | * | Mar low, congestion | |
| R1 | .5850 | * | congestion | S4 | .5680 | ** | Apr low |
Asterisk denotes strength of level
00:30 GMT - Turned up from the .5778 low to consolidate above the .5800 level as prices unwind oversold intraday studies. However, negative daily and weekly studies suggest consolidation giving way to renewed selling pressure later to retest .5778 low. Break here will see room for extension to the .5750 congestion. Below this will see potential to retest the .5700/.5680, March and April lows. Meanwhile, resistance at the .5850 congestion is expected to cap. Regaining this will ease the downside pressure and see room for stronger bounce to .5900/30 resistance.