Published: 2025-08-19T00:31:25.000Z
Chart NZD/USD Update: Steady above .5900
Technical Analyst
2
Little change, as prices holds steady above the .5900 level to consolidate losses from .5995 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6087 | * | 16 Jun high | S1 | .5900 | * | congestion | |
| R3 | .6050/60 | ** | congestion, 24 Jul high | S2 | .5850/45 | ** | congestion, May low | |
| R2 | .6000 | * | congestion | S3 | .5830 | * | 18 Mar high | |
| R1 | .5950 | * | congestion | S4 | .5800 | * | congestion |
Asterisk denotes strength of level
00:25 GMT - Little change, as prices holds steady above the .5900 level to consolidate losses from .5995 high of last week. The resulting flag pattern suggest consolidation to give way to fresh selling pressure later. Break of the .5900 congestion will return focus to the .5857 low of 1st August and the critical support at .5845, May low. Meanwhile, resistance remains at the .5950 congestion which is expected to cap and sustain rejection from the .5995 high.