Published: 2025-04-11T00:47:24.000Z
Chart NZD/USD Update: Consolidating retest of .5772 February high, scope for break later
Technical Analyst
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Extending gains from the mid-week low and break above the .5700 level opens up room for retest of the .5772, February high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5850/52 | ** | congestion, 3 Apr YTD high | S1 | .5700 | * | congestion | |
| R3 | .5830 | * | Mar high | S2 | .5650 | * | 31 Mar low, congestion | |
| R2 | .5800 | * | congestion | S3 | .5600 | ** | congestion | |
| R1 | .5772 | * | Feb high | S4 | .5515/00 | * | Feb low, congestion |
Asterisk denotes strength of level
00:40 GMT - Extending gains from the mid-week low and break above the .5700 level opens up room for retest of the .5772, February high. Bullish run-up from the .5484 low suggest scope for break here to targe the .5800 level. Overbought intraday studies suggest reaction here likely but consolidation expected to give way break later to return focus to the .5830 March high then the current year high at .5852. Meanwhile, support is raised to .5700/.5650 area which should underpin and sustain rally from the .5484 low.