Published: 2025-07-04T00:43:08.000Z
Chart NZD/USD Update: Lower in consolidation, but still supported
Technical Analyst
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Turned lower in consolidation from the .6120 as prices consolidate strong gains from the .5882 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6300 | ** | Aug 2024 high | S1 | .6030/00 | * | Apr high, congestion | |
| R3 | .6200/22 | * | congestion, Jun 2024 high | S2 | .5950 | * | congestion | |
| R2 | .6165 | * | 76.4% Sep/Apr fall | S3 | .5900 | * | congestion | |
| R1 | .6100/20 | ** | congestion, 1 Jul YTD high | S4 | .5882 | ** | 23 Jun low |
Asterisk denotes strength of level
00:30 GMT - Turned lower in consolidation from the .6120 as prices consolidate strong gains from the .5882 low of last week. Further gains not ruled out to retrace the September/April losses and higher will see room to .6165 Fibonacci level where reaction can be expected as daily studies extend into overbought areas. Meanwhile, support is at the .6030 high of April and this extend to the .6000 figure which should underpin. Would take break of these to fade the upside pressure and open up room for corrective pullback to .5950/.5900 congestion area.