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Published: 2025-09-10T00:39:52.000Z

Chart NZD/USD Update: Consolidating test of .5950, romm for higher later

byPakLai Ng

Technical Analyst
-

Limited on break of resistance at the .5950 congestion as prices gave way to selling pressure to unwind overbought intraday studies

 LevelsImpComment  LevelsImpComment
R4 .6100 figure S1 .5915/00*1 Sep high, congestion
R3 .6050/60**congestion, 24 Jul high S2 .5850/30*congestion, Mar high
R2 .5995/00**Aug high, congestion S3 .5800**Aug low, 50%
R1 .5950*congestion S4 .5772*Feb high

Asterisk denotes strength of level

00:30 GMT - Limited on break of resistance at the .5950 congestion as prices gave way to selling pressure to unwind overbought intraday studies. Pullback see resistance turned support at the .5900/15 area now expected to underpin and limit corrective pullback. Positive daily and weekly studies suggest correction to give way to renewed buying interest later to further retrace the July/August losses. Clearing the .5950 resistance will open up room for retest of the August high at .5995 and the 6000 level.

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Topics
NZD/USD-TA
DM-Technical
Technical Analysis

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