Published: 2025-04-01T00:44:47.000Z
Chart NZD/USD Update: Extending losses
Technical Analyst
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Consolidating at the .5650 congestion as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5830 | ** | 18 Mar YTD high | S1 | .5650 | * | congestion | |
| R3 | .5800 | * | congestion | S2 | .5600 | * | congestion | |
| R2 | .5773 | * | Feb high | S3 | .5584 | ** | 28 Feb low | |
| R1 | .5700/10 | * | congestion | S4 | .5540 | * | Jan low |
Asterisk denotes strength of level
00:35 GMT - Consolidating at the .5650 congestion as prices unwind oversold intraday studies. However, daily chart threatens continuation lower from the .5830 March year high to the strong support at the .5600/.5584 congestion area and 28 February low. This area is expected to underpin with corrective pullback expected to give way to fresh buying interest later. Meanwhile, resistance is lowered to the .5700/10 congestion area and regaining this will return focus to the upside for retest of the February high at .5773. Above here will return focus to the upside for retest of the .5800 level and the .5830 high.