Published: 2026-03-17T00:49:12.000Z
Chart NZD/USD Update: Higher in consolidation from .5775 Fibonacci level
-
Turned up from test of the .5775 Fibonacci level as prices unwind oversold intraday studies to consolidate at the .5850 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5800 | * | congestion | |
| R3 | .5930/50 | ** | 6 Feb low, congestion | S2 | .5775 | * | 61.8% Nov/Jan rally | |
| R2 | .5900 | * | congestion | S3 | .5750 | * | congestion | |
| R1 | .5870 | * | 200-day MA | S4 | .5710/00 | ** | Jan low, 76.4% |
Asterisk denotes strength of level
00:35 GMT - Turned up from test of the .5775 Fibonacci level as prices unwind oversold intraday studies to consolidate at the .5850 level. Nearby see resistance at the .5870, 200-day MA, and regaining this needed to open up room for stronger gains to the .5900 level. Higher still, should see strong resistance at .5930/50 area expected to cap. Meanwhile, support is at the .5800/.5775 area. Would take break here to open up room for pullback to support at the .5750 congestion and strong support at the .5710/00, January low and 76.4% Fibonacci level.