Published: 2025-09-04T00:45:53.000Z
Chart NZD/USD Update: Range-bound above .5850
Technical Analyst
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Limited on break below support at the .5850 congestion with the resulting pin bar extending range trade here
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050/60 | ** | congestion, 24 Jul high | S1 | .5850 | * | congestion | |
| R3 | .5995 | ** | 13 Aug high | S2 | .5800 | * | congestion, 50% | |
| R2 | .5950 | * | congestion | S3 | .5772 | * | Feb high | |
| R1 | .5900/15 | ** | congestion, 1 Sep high | S4 | .5730 | * | 61.8% Apr/Jul rally |
Asterisk denotes strength of level
00:30 GMT - Limited on break below support at the .5850 congestion with the resulting pin bar extending range trade here. The daily studies remains overbought and see resistance at the .5900/15 area expexted to cap. A later break, if seen, will open up room for stronger gains to extend bounce from the .5800 low and see room to .5950/.6000 congestion. Meanwhile, support remains at the .5850 congestion and close below here needed to expose the .5800 low to retest and extend losses from the July current year high.