Published: 2025-06-27T00:30:25.000Z
Chart NZD/USD Update: Poised for retest of .6087 current year high
Technical Analyst
2
Break above resistance at the .6050 congestion has seen gains to approach the .6087, current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6200/22 | * | congestion, Jun 2024 high | S1 | .6020/00 | * | congestion | |
| R3 | .6165 | * | 76.4% Sep/Apr fall | S2 | .5950 | * | congestion | |
| R2 | .6100 | * | congestion | S3 | .5900 | * | congestion | |
| R1 | .6087 | ** | 16 Jun YTD high | S4 | .5882 | ** | 23 Jun low |
Asterisk denotes strength of level
00:30 GMT - Break above resistance at the .6050 congestion has seen gains to approach the .6087, current year high. Consolidation below this see prices unwinding overbought intraday studies but bullish momentum from the .5882 Monday's low suggest scope for break to extend the broader gains from April low. Clearance will open up room to .6100 level then .6165, 76.4% Fibonacci retracement. Meanwhile, support is at the .6020/00 congestion area which should underpin and sustain bounce from the .5882 low.