Published: 2026-08-11T00:40:05.000Z
Chart NZD/USD Update: Choppy in range
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Little change, as prices extend consolidation below the .5900/08 congestion and high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5850 | * | congestion | |
| R3 | .5995 | ** | May high | S2 | .5815/00 | * | May low, congestion | |
| R2 | .5950 | * | congestion | S3 | .5770/62 | ** | congestion, 23 Jul low | |
| R1 | .5900 | * | congestion | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Little change, as prices extend consolidation below the .5900/08 congestion and high of last week. Ranging action see prices unwinding overbought daily studies with the resulting flag pattern suggesting scope for eventual break higher to extend recent gains from the .5770/62 area. Higher will see scope to target .5930/50 congestion area with potential for extension to retest the .5995, May high. Meanwhile, support remains at the .5860/50 congestion area which should underpin. Failure here will open up room for corrective pullback to support at the .5815/.5800, May low and congestion area.