Published: 2026-05-06T00:46:41.000Z
Chart NZD/USD Update: Extend consolidation within .5930/5850 range
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Higher in consolidation following bounce above support at the .5850 congestion to set up scope for retest of the .5930 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050 | * | congestion | S1 | .5850 | * | congestion | |
| R3 | .6000/10 | * | congestion, 26 Feb high | S2 | .5815 | ** | 29 Apr low | |
| R2 | .5950 | * | congestion | S3 | .5800 | * | congestion | |
| R1 | .5930 | ** | 17 Apr high | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Higher in consolidation following bounce above support at the .5850 congestion to set up scope for retest of the .5930 resistance. Clearance here, will further retrace the January/April losses and see room for extension to resistance at the .5950 congestion then the .6000/10 congestion area. Beyond this will return focus to the .6092 current year high of 29 January. Meanwhile, support at the .5850 congestion and extending to .5815 low of last week should underpin sustain the broader gains from .5680, April current year low.