Published: 2026-04-24T00:28:27.000Z
Chart NZD/USD Update: Weighing on .5850 support
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Consolidation at the .5900 level has given way pullback to retest support at the .5850 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/10 | * | congestion, 26 Feb high | S1 | .5850 | * | congestion | |
| R3 | .5950 | * | congestion | S2 | .5800/95 | * | congestion, 13 Apr low | |
| R2 | .5930 | ** | Feb low | S3 | .5750 | * | congestion | |
| R1 | .5900 | congestion | S4 | .5680 | ** | 3 Apr YTD low |
Asterisk denotes strength of level
00:25 GMT - Consolidation at the .5900 level has given way pullback to retest support at the .5850 congestion. Break here will open up room for deeper pullback to retrace gains from the 3rd April current year low at .5680 to the .5800/.5795 congestion and 13 April low. Consolidation is expected to give way to renewed buying interest later for retest of the .5900 level and .5930 resistance. Break of these will extend the April gains and see to .5950 congestion. Higher still, will see extension to the .6000/10 figure and 26 February high.