Published: 2026-07-29T00:34:28.000Z
Chart NZD/USD Update: Weighing on .5770 support
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Limited on break of the .5770 support as prices consolidate losses from the .5872 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5770 | * | 11 Jun low | |
| R3 | .5900 | * | congestion | S2 | .5750 | * | congestion | |
| R2 | .5850/72 | ** | congestion, 21 Jul high | S3 | .5727/00 | ** | 3 Jul high, congestion | |
| R1 | .5800/15 | * | congestion | S4 | .5680 | * | Apr low |
Asterisk denotes strength of level
00:30 GMT - Limited on break of the .5770 support as prices consolidate losses from the .5872 high of last week. However, pressure remains on the downside with the resulting flag pattern threatens break lower to further retrace gains from the .5625 June current year low. Lower will see extension to .5750 congestion then the strong support at .5727/00 area. Meanwhile, resistance remains at the .5800/15 congestion area. Would need to regain this to ease the downside pressure and set up scope for retest of the .5850 congestion and .5872 high.