Published: 2025-07-15T00:42:18.000Z
Chart NZD/USD Update: Extending July losses
Technical Analyst
1
Consolidation above the .6000 level has given way to break here and the .5975 low to extend losses from the .6120 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6165 | * | 76.4% Sep/Apr fall | S1 | .5950 | * | congestion | |
| R3 | .6120 | ** | 1 Jul YTD high | S2 | .5900 | * | congestion | |
| R2 | .6030/50 | * | 3 Jul low, congestion | S3 | .5882 | ** | Jun low | |
| R1 | .6000 | * | congestion | S4 | .5850/45 | ** | congestion, May low |
Asterisk denotes strength of level
00:30 GMT - Consolidation above the .6000 level has given way to break here and the .5975 low to extend losses from the .6120 high. Daily studies are tracking lower and keep pressure firmly on the downside and see room for deeper pullback to .5950 congestion. Below this, will expose the strong support at the .5900/.5882 congestion and June low to retest. Meanwhile, resistance is lowered to the .6000 congestion which is expected to cap. Above here, will open up room for retest of the .6030/50 resistance.