Published: 2025-05-30T00:39:25.000Z
Chart NZD/USD Update: Extending choppy gains from .5845 low
Technical Analyst
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Turned higher from support at .5950/35 congestion as prices extend choppy gains from the .5845, 12 May low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6100/20 | * | congestion, 11 Oct high | S1 | .5950/35 | * | congestion | |
| R3 | .6050 | * | congestion | S2 | .5900 | * | congestion | |
| R2 | .6030/35 | ** | 26 May YTD high, 61.8% | S3 | .5850/45 | ** | congestion, 12 May low | |
| R1 | .6000 | * | congestion | S4 | .5800 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Turned higher from support at .5950/35 congestion as prices extend choppy gains from the .5845, 12 May low. Focus return to the .6000 level and break here is needed to open up room for retest of .6030/35, Monday's YTD high and 61.8% Fibonacci level. Clearance will open up room for extension to .6050/.6100 congestion. Meanwhile, support at .5950/35 area underpin. Close below here will see room for deeper pullback to congestion at the .5900 level. Below this will expose critical support at .5850/45 lows to retest.