Published: 2025-06-26T00:35:49.000Z
Chart NZD/USD Update: Focus on the .6087 high
Technical Analyst
1
Extending bullish bounce from Monday's low at .5882 with break above .6050 congestion returning focus to the .6087, current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6200/22 | * | congestion, Jun 2024 high | S1 | .6000 | * | congestion | |
| R3 | .6165 | * | 76.4% Sep/Apr fall | S2 | .5950 | * | congestion | |
| R2 | .6100 | * | congestion | S3 | .5900 | * | congestion | |
| R1 | .6087 | ** | 16 Jun YTD high | S4 | .5882 | ** | 23 Jun low |
Asterisk denotes strength of level
00:30 GMT - Extending bullish bounce from Monday's low at .5882 with break above .6050 congestion returning focus to the .6087, current year high. While reaction at the latter can be expected, the bullish run-up from the April low suggest scope for break to further retrace losses from September high. Clearance will see room to .6100 level and .6165, 76.4% Fibonacci retracement. Meanwhile, support remains at the .6000 congestion which should underpin and sustain bounce from the .5882 low.