Published: 2026-01-15T00:31:54.000Z
Chart NZD/USD Update: Consolidating, room for lower later
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Little change, as prices extend consolidation above the .5711 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5910 | * | 61.8% Jul/Nov fall | S1 | .5735 | * | 19 Dec low | |
| R3 | .5850 | ** | congestion, 50% | S2 | .5715/00 | ** | 50%, congestion | |
| R2 | .5830 | * | 11 Dec high | S3 | .5685 | * | 61.8% Nov/Dec rally | |
| R1 | .5800 | ** | Aug low, congestion | S4 | .5650 | congestion |
Asterisk denotes strength of level
00:25 GMT - Little change, as prices extend consolidation above the .5711 low of last week. The resulting flag pattern and negative daily studies suggest scope for break of strong support at the .5715/00 area to open up room for deeper pullback to retrace the November/December rally. Lower will see room to the .5685/.5650, 61.8% Fibonacci level and congestion area. Meanwhile resistance at the .5755/.5800 area is expected to cap. Would take break here to revive upside focus for retest of .5850 high and extend the broader gains from .5578 November low.