Published: 2025-07-17T00:44:20.000Z
Chart NZD/USD Update: Focus on .5900/.5882 support
Technical Analyst
1
Further extend losses to reach .5912 low before staging bounce to consolidate losses from the .6120 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6087 | * | 16 Jun high | S1 | .5900 | * | congestion | |
| R3 | .6030/50 | ** | 3 Jul low, congestion | S2 | .5882 | ** | Jun low | |
| R2 | .6000 | * | congestion | S3 | .5850/45 | ** | congestion, May low | |
| R1 | .5975 | * | 9 Jul low | S4 | .5800 | * | 50% Apr/Jul rally |
Asterisk denotes strength of level
00:35 GMT - Further extend losses to reach .5912 low before staging bounce to consolidate losses from the .6120 high. Pressure remains on the downside and lower will see room for extension to strong support at the .5900/.5882, congestion and June low. Would expected reaction at the latter as daily studies push into oversold areas. Meanwhile, resistance is lowered to the .5975/.6000 congestion area which is expected to cap. Regaining this will ease the downside pressure and open up room for retest of the .6030/50 resistance.