Published: 2026-03-10T00:43:54.000Z
Chart NZD/USD Update: Choppy within .5950/.5850 range
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Bounce from the .5850 support see prices extending choppy trade within the .5950/.5850 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6093 | ** | 29 Jan YTD high | S1 | .5850 | * | Dec high, congestion | |
| R3 | .6050 | * | congestion | S2 | .5836 | * | 3 Mar low, 50% | |
| R2 | .6000/10 | ** | congestion, 26 Feb high | S3 | .5800 | ** | congestion | |
| R1 | .5930/50 | ** | Feb low, congestion | S4 | .5775 | * | 61.8% Nov/Jan rally |
Asterisk denotes strength of level
00:35 GMT - Bounce from the .5850 support see prices extending choppy trade within the .5950/.5850 area. Daily studies are showing signs of reversing recent negative tone but would need prices to regain the .5950 congestion to return focus to the upside and see room to the .6000 level. Above the latter will return focus to resistance at the .6050 congestion and .6093 current year high. Meanwhile, support at th .5850 and .5836 lows area expected to underpin. Only below these will open up room for deeper correction of the November/January rally.