Published: 2026-08-14T00:42:26.000Z
Chart NZD/USD Update: Consolidating, but room for deeper pullback
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No follow-through on break of the .5850 support as prices turn up from the .5821 low to consolidate at .5850
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5850 | * | congestion | |
| R3 | .5995 | ** | May high | S2 | .5815/00 | * | May low, congestion | |
| R2 | .5950 | * | congestion | S3 | .5770/62 | ** | congestion, 23 Jul low | |
| R1 | .5900 | * | congestion | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - No follow-through on break of the .5850 support as prices turn up from the .5821 low to consolidate at .5850. However, daily studies and unwinding overbought readings and deeper pullback cannot be ruled out to support at the .5815/.5800 area which is expected to underpin. Corrective pullback is expected to give way to renewed buying interest later. Meanwhile, resistance remains at the .5900/08 area. Break here will extend the June gains and see room towards resistance at .5930/50 congestion area. Clearance here will see potential for retest of the .5995, May high.