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Published: 2025-09-08T00:39:10.000Z

Chart NZD/USD Update: Still capped at .5900/15 resistance

byPakLai Ng

Technical Analyst
-

Settled back in consolidation from retest of the .5900/15 resistance

 LevelsImpComment  LevelsImpComment
R4 .6050/60**congestion, 24 Jul high S1 .5850/30*congestion, Mar high
R3 .5995**13 Aug high S2 .5800**congestion, 50%
R2 .5950*congestion S3 .5772*Feb high
R1 .5900/15**congestion, 1 Sep high S4 .5730*61.8% Apr/Jul rally     

Asterisk denotes strength of level

00:30 GMT - Settled back in consolidation from retest of the .5900/15 resistance. Mixed daily studies suggest further ranging action within the bearish channel from the July high but this is expected to give way to break later to open up room for stronger recovery from the .5830/.5800 lows. Above the .5900/15 resistance will open up room for stronger bounce to the .5950/.6000 congestion. Meanwhile, support at the .5850/30 area is expected to underpin and sustain gains from the .5800 low. 

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Topics
NZD/USD-TA
DM-Technical
Technical Analysis

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