Published: 2026-01-16T00:39:20.000Z
Chart NZD/USD Update: Consolidating, but room for lower
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Little change, as prices extend consolidation above the .5711 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5910 | * | 61.8% Jul/Nov fall | S1 | .5735 | * | 19 Dec low | |
| R3 | .5850 | ** | congestion, 50% | S2 | .5715/00 | ** | 50%, congestion | |
| R2 | .5830 | * | 11 Dec high | S3 | .5685 | * | 61.8% Nov/Dec rally | |
| R1 | .5800 | ** | Aug low, congestion | S4 | .5650 | congestion |
Asterisk denotes strength of level
00:35 GMT - Little change, as prices extend consolidation above the .5711 low of last week. However, prices action from the .5850 December high weighs and threatens break of the strong support at the .5715/00 area to open up room for deeper pullback to retrace rally from the November low. Break, if seen, will open up room to the .5685/.5650, 61.8% Fibonacci level and congestion area. Meanwhile resistance at the .5755/.5800 area is expected to cap. Would take break here to revive upside focus for retest of .5850 high and extend the broader gains from .5578 November low.