Published: 2025-07-01T00:40:35.000Z
Chart NZD/USD Update: Consolidating test of .6100, scope for break
Technical Analyst
1
Break of the .6087 high has seen gains to fresh high before settling into consolidation just beneath the .6100 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6250 | * | congestion | S1 | .6030/00 | * | congestion | |
| R3 | .6200/22 | * | congestion, Jun 2024 high | S2 | .5950 | * | congestion | |
| R2 | .6165 | * | 76.4% Sep/Apr fall | S3 | .5900 | * | congestion | |
| R1 | .6100 | * | congestion | S4 | .5882 | ** | 23 Jun low |
Asterisk denotes strength of level
00:30 GMT - Break of the .6087 high has seen gains to fresh high before settling into consolidation just beneath the .6100 level. Bullish momentum from the .5882 low of last week keeps focus firmly on the upside and break here will further extend the broader gains from April low. Clearance will see room to .6165, 76.4% Fibonacci retracement. Meanwhile, support is at the .6030 April high and this extend to the .6000 figure which should underpin and sustain bounce from the .5882 low. Failure will fade the upside pressure and see room for deeper pullback to .5900 congestion.