Published: 2026-07-28T00:45:50.000Z
Chart NZD/USD Update: Weighing on .5770 support
1
Rejection at the .5800/15 resistance see pressure returning to weigh on the .5770 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5770 | * | 11 Jun low | |
| R3 | .5900 | * | congestion | S2 | .5750 | * | congestion | |
| R2 | .5850/72 | ** | congestion, 21 Jul high | S3 | .5727/00 | ** | 3 Jul high, congestion | |
| R1 | .5800/15 | * | congestion | S4 | .5680 | * | Apr low |
Asterisk denotes strength of level
00:30 GMT - Rejection at the .5800/15 resistance see pressure returning to weigh on the .5770 support. Daily studies have turn lower and threatens break here to further retrace gains from the .5625 June current year low. Lower will see room to .5750 congestion then the strong support at the .5727/00 area. Meanwhile, resistance remains at the .5800/15 congestion area. Would need to regain this to ease the downside pressure and set up scope for retest of the .5850 congestion and .5872 high.