Published: 2026-09-01T00:44:12.000Z
Chart NZD/USD Update: Consolidating, room for lower later
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Turned up from test of the .5900 support as prices consolidate losses from the .5988 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5900 | * | congestion | |
| R3 | .5995 | ** | May high | S2 | .5850 | * | congestion, 38.2% | |
| R2 | .5988 | ** | 21 Aug high | S3 | .5815 | ** | May low | |
| R1 | .5950 | * | congestion | S4 | .5805/00 | * | 50%, congestion |
Asterisk denotes strength of level
00:35 GMT - Turned up from test of the .5900 support as prices consolidate losses from the .5988 high. Negative daily and weekly studies suggest this giving way to deeper pullback later to retrace strong gains from the .5625 June current year low towards support at the .5850 congestion and 38.2% Fibonacci level. Correctiion from the .5988 high is expected to give way to renewed buying interest later with resistance starting at the .5950 congestion. Regaining this will expose the .5988 high to retest and see room for extension to the May high at .5995 and the .6000 figure.