Published: 2026-07-22T00:52:57.000Z
Chart NZD/USD Update: Lower in consolidation
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Settled back in consolidation below .5850 following rejection from the .5872 high as prices unwind overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5815/00 | ** | May low, congestion | |
| R3 | .5900 | * | congestion | S2 | .5770 | * | 11 Jun low | |
| R2 | .5872 | 21 Jul high | S3 | .5750 | * | congestion | ||
| R1 | .5850 | * | congestion | S4 | .5727 | ** | 3 Jul high |
Asterisk denotes strength of level
00:40 GMT - Settled back in consolidation below .5850 following rejection from the .5872 high as prices unwind overbought daily studies. Pullback see support at the .5815/00 congestion area expected to underpin. Break here, if see, will open up room for deeper pullback to the .5770/50 area. Corrective pullback is expected to give way to renewed buying pressure later. Break above resistance at the .5850/72 area will see room for further gains within the down channel from the January high to the .5900/.5950 congestion. Beyond this will turn focus to .5995 June high.