Published: 2026-01-22T00:27:06.000Z
Chart NZD/USD Update: Consolidating, room for higher later
-
No follow-through on break of the .5850 resistance as prices settled back from fresh high at .5866
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000 | * | figure, congestion | S1 | .5800 | * | Aug low, congestion | |
| R3 | .5950 | * | congestion | S2 | .5755/35 | * | Sep low, congestion | |
| R2 | .5910 | * | 61.8% Jul/Nov fall | S3 | .5710 | ** | 9 Jan low | |
| R1 | .5850 | ** | congestion, 50% | S4 | .5650 | congestion |
Asterisk denotes strength of level
00:25 GMT - No follow-through on break of the .5850 resistance as prices settled back from fresh high at .5866 to consolidate strong gains this week from the .5755/35 area and unwind overbought intraday studies. Positive daily and weekly studies suggest this giving way to renewed buying interest later to further retrace the July/November losses. Higher will see room for extension to the .5910, 61.8% Fibonacci level. Meanwhile, support is raised to the .5800 level which should now underpin and sustain gains from the .5710 low.