Published: 2026-08-27T00:48:47.000Z
Chart NZD/USD Update: Leaning lower in consolidation
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Settled back from the .5988 high of last Friday as prices consolidate strong gains from the .5625 June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6092 | ** | 29 Jan YTD high | S1 | .5900 | * | congestion | |
| R3 | .6000/13 | * | congestion, 26 Feb high | S2 | .5850 | * | congestion | |
| R2 | .5995 | ** | May high | S3 | .5815 | ** | May low | |
| R1 | .5988 | * | 21 Aug high | S4 | .5800 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Settled back from the .5988 high of last Friday as prices consolidate strong gains from the .5625 June low and unwind overbought daily studies. Below support at the .5950 congestion opens up room for deeper pullback to the .5900 support. Corrective pullback is expected to give way to renewed buying interest later to extend the bullish gains from the June low to target the May high at .5995 then the .6000 figure. Clearance here will see room for extension to the .6050 congestion but potential will be for retest of .6092 January current year high.