Published: 2026-03-30T00:36:36.000Z
Chart NZD/USD Update: Room to retest .5710 January low
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Prices remain under pressure to extend losses from the January YTD high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5892 | ** | 19 Mar high | S1 | .5710/00 | ** | 9 Jan YTD low, 76.4% | |
| R3 | .5850 | ** | congestion | S2 | .5650 | * | congestion | |
| R2 | .5800 | * | congestion | S3 | .5606 | * | 7 Nov low | |
| R1 | .5775 | * | 13 Mar low | S4 | .5578 | ** | 21 Nov low |
Asterisk denotes strength of level
00:30 GMT - Prices remain under pressure to extend losses from the January YTD high as both daily and weekly studies continues to track lower. Below .5775/50 area see room for retest of the 9 January current year low at .5710. Would expect reaction here and the .5700, 76.4% Fibonacci retracement as intraday and daily studies stretched into oversold areas. However, a later break cannot be ruled out to extend the January losses. Meanwhile, resistance is lowered to the .5775/.5800 congestion area which is expected to cap. Above here, if seen, will ease the downside pressure and see room for stronger bounce to .5850/.5892 area.