Published: 2026-07-21T00:46:34.000Z
Chart NZD/USD Update: Room to extend gains
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Pressure remains on resistance at the .5850/63 area as prices looks to extend strong gains from the .5625 June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | ** | congestion, channel | S1 | .5815/00 | ** | May low, congestion | |
| R3 | .5900 | * | congestion | S2 | .5770 | * | 11 Jun low | |
| R2 | .5863 | * | 5 Jul high | S3 | .5750 | * | congestion | |
| R1 | .5850 | * | congestion | S4 | .5727 | ** | 3 Jul high |
Asterisk denotes strength of level
00:30 GMT - Pressure remains on resistance at the .5850/63 area as prices looks to extend strong gains from the .5625 June low. Higher will see room for further gains within the down channel from the January high to the .5900 congestion. Beyond this will see scope to .5950 channel top where reaction is expected. Meanwhile, support remains at the .5815/00 congestion area which is expected to underpin. Would take break here to ease the upside pressure and see room for consolidation to support at the .5770/50 area.