Published: 2026-09-17T00:46:34.000Z
Chart NZD/USD Update: Consolidating, scope for lower
-
Break of support at the .5750 congestion further extend losses from the August high to reach the .5700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5900 | ** | congestion, 4 Sep high | S1 | .5700 | * | congestion | |
| R3 | .5850 | * | congestion, 200-day MA | S2 | .5680 | ** | Apr low | |
| R2 | .5800 | ** | congestion | S3 | .5650 | * | congestion | |
| R1 | .5750 | * | congestion | S4 | .5625 | ** | 26 Jun YTD low |
Asterisk denotes strength of level
00:35 GMT - Break of support at the .5750 congestion further extend losses from the August high to reach the .5700 level. Pause here see prices consolidating recent sharp losses from the .5900 high of 4 September but negative daily and weekly studies suggest scope for break here to further extend losses from the August high. Lower will open up room to retest the April low at .5680. Would expect reaction at the latter but potential is for retest of the .5625, June current year low. Meanwhile, resistance is lowered to .5750 and this extend to the .5800 congestion, which is expected to cap.