Published: 2025-04-14T00:50:51.000Z
Chart NZD/USD Update: Retest .5852 YTD high, scope for break
Technical Analyst
2
Extending strong rally from the low of last week to retest the .5852 current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000 | * | congestion | S1 | .5772 | * | Feb high | |
| R3 | .5930 | * | 29 Nov high, 50% | S2 | .5700 | * | congestion | |
| R2 | .5900 | * | congestion | S3 | .5650 | * | 31 Mar low | |
| R1 | .5850/52 | ** | congestion, 3 Apr YTD high | S4 | .5600 | ** | congestion |
Asterisk denotes strength of level
00:45 GMT - Extending strong rally from the low of last week to retest the .5852 current year high. Consolidation here see prices unwinding the stretched intraday studies but bullish momentum suggest scope seen for break later to further retrace losses from the April high. Higher will see room to the .5900 congestion and the .5930, 29 November high and 50% Fibonacci level. Meanwhile, support is raised to .5772 February high which should underpin and sustain rally from the .5485 low.