Published: 2025-05-28T00:40:03.000Z
Chart NZD/USD Update: Under pressure, room for deeper pullback
Technical Analyst
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Under pressure as prices extend pullback from fresh year high at .6030 to reach support at the .5950/35 congestion
| 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
00:40 GMT - Under pressure as prices extend pullback from fresh year high at .6030 to reach support at the .5950/35 congestion. Daily studies have turned mixed and threatens break deeper pullback to congestion at the .5900 level. Below this will expose critical support at .5850/45 lows to retest. Break here will confirm a double top at the .6028/.6030 highs and see deeper pullback to retrace gains from the April low. Meanwhile, resistance remains at the .6000 congestion. Would take close above here to open the .6030/35 high and 61.8% Fibonacci level to retest.