Published: 2026-05-18T00:42:26.000Z
Chart NZD/USD Update: Under pressure
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Prices remain under pressure to extend sharp losses last week following break of the .5930 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5990 | ** | 6 May high | S1 | .5815 | ** | 29 Apr low | |
| R3 | .5930 | ** | Feb low, congestion | S2 | .5800 | * | congestion | |
| R2 | .5900 | * | congestion | S3 | .5750 | * | congestion | |
| R1 | .5850 | congestion | S4 | .5700 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Prices remain under pressure to extend sharp losses last week following break of the .5930 support. Negative daily and weekly studies keep pressure on the downside and lower will see room to strong support at the .5815/00, 29 April low and congestion area. Reaction at the latter can be expected but a later break will see room for deeper pullback to .5750 congestion. Meanwhile, resistance is lowered to the .5850 congestion is expected to cap. Only above here will see room for stronger bounce to retest resistance at the .5900/30 previous support.