Published: 2026-08-04T00:47:43.000Z
Chart NZD/USD Update: Consolidating test of .5900
1
Limited on break above .5900 level as prices settled back to consolidate strong gains from the .5762 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5850 | * | congestion | |
| R3 | .5995 | ** | May high | S2 | .5815/00 | * | May low, congestion | |
| R2 | .5950 | * | congestion | S3 | .5770/62 | ** | congestion, 23 Jul low | |
| R1 | .5900 | * | congestion | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:40 GMT - Limited on break above .5900 level as prices settled back to consolidate strong gains from the .5762 low. Intraday studies are unwinding overbought readings and see room to support at the .5850 congestion. Below here will open up room for deeper correction to the support at the .5815/.5800, May low and congestion area. Positive weekly studies suggest room for further gains going forward, above the .5900 level will see scope to target the .5930/50 congestion area with potential seen for extension to retest the .5995, May high.