Published: 2025-04-03T00:45:20.000Z
Chart NZD/USD Update: Consolidating retest of .5773 resistance
Technical Analyst
2
Settled back in range after bounce from the .5648 low of Monday was checked at the .5773 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5850 | ** | Apr/Jul lows | S1 | .5700 | * | congestion | |
| R3 | .5830 | ** | 18 Mar YTD high | S2 | .5648 | ** | 31 Mar low | |
| R2 | .5800 | * | congestion | S3 | .5600 | * | congestion | |
| R1 | .5773 | * | Feb high | S4 | .5584 | ** | 28 Feb low |
Asterisk denotes strength of level
00:35 GMT - Settled back in range after bounce from the .5648 low of Monday was checked at the .5773 resistance. Consolidation here see scope for break higher later, clearance will open up room for retest of the .5800 level then the .5830, March YTD high. Break here will further extend gains from the .5515, February YTD low. Meanwhile, support is raised to the .5700 congestion which should underpin and sustain bounce from the .5648 low. Failure here will see room for deeper pullback towards .5600./5584 area.