Published: 2025-06-23T00:37:24.000Z
Chart NZD/USD Update: Extending losses
Technical Analyst
2
Extending losses from the .6087 YTD high following break of the .6000 level last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6087 | ** | 16 Jun YTD high | S1 | .5923/00 | * | 28 May low, congestion | |
| R3 | .6028/50 | * | Apr high, congestion | S2 | .5850 | ** | congestion, May low | |
| R2 | .6000 | * | congestion | S3 | .5800 | * | congestion | |
| R1 | .5965 | intraday high | S4 | .5772 | * | Feb high |
Asterisk denotes strength of level
00:30 GMT - Extending losses from the .6087 YTD high following break of the .6000 level last week. Daily and weekly studies are tracking lower and suggest room for deeper pullback to retrace gains from the .5845, May low. Nearby see room support at the .5923/00 congestion area. Below this will open up room for extension to strong support at the .5850 congestion and May low. Meanwhile, resistance is lowered to .5965 intraday high which extend to the .6000 level. This area is expected to cap and sustain corrective pullback from the .6087 high.