Published: 2025-08-04T00:51:07.000Z
Chart NZD/USD Update: Turned up from .5882/50 support
Technical Analyst
1
Turned up from test of support the June and May lows at .5882/.5850 as prices consolidate losses from the .6050 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6087 | * | 16 Jun high | S1 | .5882 | ** | Jun low | |
| R3 | .6060/50 | ** | 24 Jul high, congestion | S2 | .5850/45 | ** | congestion, May low | |
| R2 | .6000 | * | congestion | S3 | .5830 | * | 18 Mar high | |
| R1 | .5950 | * | congestion | S4 | .5800 | * | congestion, 50% |
Asterisk denotes strength of level
00:40 GMT - Turned up from test of support the June and May lows at .5882/.5850 as prices consolidate losses from the .6050 resistance. Bounce see prices unwinding the oversold intraday and daily studies and regaining the .5900 level opens up room for stronger bounce to the .5950 congestion. Regaining this will fade the downside pressure and return focus to the .6000 level. Meanwhile, support at .5882/.5850 area is expexted to underpin. Would take break here to further extend the July losses.