Published: 2025-03-26T00:43:51.000Z
Chart NZD/USD Update: Extend consolidation above .5700
Technical Analyst
-
Little change, as prices drift narrowly above the .5710 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5845/50 | ** | 38.2%, Apr/Aug lows | S1 | .5700 | * | congestion | |
| R3 | .5830 | * | 18 Mar YTD high | S2 | .5676 | ** | 11 Mar low | |
| R2 | .5800 | * | congestion | S3 | .5650 | * | congestion | |
| R1 | .5773 | * | Feb high | S4 | .5584 | ** | 28 Feb low |
Asterisk denotes strength of level
00:35 GMT - Little change, as prices drift narrowly above the .5710 low. Nearby see support at the .5700 congestion which extend to the 11 March low at .5676 expected to underpin. Break here will see room for deeper slippage to the .5676/50 congestion area. Corrective pullback from the .5830 high is expected to give way to fresh buying interest later with resistance starting at the .5773, February high. Clearance here will return focus to the upside for retest of the .5800 level and the .5830 high. Break here will extend gains from the February YTD low and see room to the strong resistance at .5845/50, 38.2% Fibonacci level and April/August lows.