Published: 2026-09-04T00:48:10.000Z
Chart NZD/USD Update: Consolidating, room for higher later
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Turned up from support at the .5815/00 area having corrected 50% of the June/August rally
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5988 | ** | Aug high | S1 | .5850 | * | congestion | |
| R3 | .5950 | * | congestion | S2 | .5815/00 | ** | May low, congestion | |
| R2 | .5930 | 1 Sep high | S3 | .5762 | * | 23 Jul low | ||
| R1 | .5900 | * | congestion | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Turned up from support at the .5815/00 area having corrected 50% of the June/August rally. Prices has since settled into consolidation within the .5950/.5900 area as daily studies unwind oversold readings and suggest scope for stronger bounce to retrace losses from the .5988 August high. Regaining the .5900 level and resistance at .5930 will revive upside focus and see room for retest of the .5950 congestion then the .5988 high. Meanwhile, support is raised to the .5950 congestion which should underpin and sustain bounce from the .5815/00 support.