Published: 2025-07-11T00:45:48.000Z
Chart NZD/USD Update: Consolidating
Technical Analyst
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Turned up from the .5975 low as prices consolidate losses from the .6120 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6200/22 | * | congestion, Jun 2024 high | S1 | .5975 | * | 9 Jul low | |
| R3 | .6165 | * | 76.4% Sep/Apr fall | S2 | .5950 | * | congestion | |
| R2 | .6100/20 | ** | congestion, 1 Jul YTD high | S3 | .5900 | * | congestion | |
| R1 | .6030/50 | * | 3 Jul low, congestion | S4 | .5882 | ** | 23 Jun low |
Asterisk denotes strength of level
00:35 GMT - Turned up from the .5975 low as prices consolidate losses from the .6120 high of last week and unwind oversold intraday and daily studies. However, upside remains limited as reistance at the .6030/50 congestion caps. Clearance, but not expected, is needed to open up the .6100 level and .6120 high to retest. Meanwhile, support at the .5975 low now underpin while break here will open up room for deeper pullback to support at .5950 congestion. Below this, will expose the strong support at the .5900/.5882 congestion and June low to retest.