Published: 2026-08-18T00:40:14.000Z
Chart NZD/USD Update: Still room to extend gains
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Extending gains from the .5821 low of last week but still no follow-through on break above the .5900 level
| 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 - Extending gains from the .5821 low of last week but still no follow-through on break above the .5900 level. Pressure remains on the upside and clear break here will extend the broader gains from the .5625 June current year low towards resistance at .5930/50 congestion and channel top from the January high. Clearance here will see potential for extension to retest the .5995, May high. Meanwhile, support remains at .5850 congestion which extend to the .5821 low of last week. This should now underpin and sustain bullish gains from the June low.