Published: 2026-01-07T00:33:50.000Z
Chart NZD/USD Update: Extend consolidation below .5800
1
Settled back in consolidation following failure to sustain above the .5800 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5910 | * | 61.8% Jul/Nov fall | S1 | .5755 | * | Sep low | |
| R3 | .5850/55 | * | 50%, 1 Aug low | S2 | .5735 | ** | 19 Dec low, 38.2% | |
| R2 | .5830 | * | 11 Dec high | S3 | .5715/00 | * | 50%, congestion | |
| R1 | .5800 | * | congestion | S4 | .5685 | * | 61.8% Nov/Dec rally |
Asterisk denotes strength of level
00:30 GMT - Settled back in consolidation following failure to sustain above the .5800 level. Daily studies remain positive but close above the latter is needed to return focus to the upside for retest of the .5830 and .5850/55 resistance. Clearance of these will see resumption of the broader gains from .5578 November low to retrace losses from the .6120, July 2025 year high. Meanwhile, further ranging action expected while the .5800 level caps but support at the .5755/35 area should underpin.