Published: 2026-04-10T00:46:08.000Z
Chart NZD/USD Update: Consolidating, room for higher
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Settled back from the .5874 high to consolidate at the .5850 congestion but pressure remains on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050 | * | congestion | S1 | .5800 | * | congestion | |
| R3 | .6000 | * | congestion | S2 | .5750 | * | congestion | |
| R2 | .5928/50 | ** | Feb low, congestion | S3 | .5700 | congestion | ||
| R1 | .5892/00 | * | 19 Mar high, congestion | S4 | .5680 | ** | 3 Apr YTD low |
Asterisk denotes strength of level
00:30 GMT - Settled back from the .5874 high to consolidate at the .5850 congestion but pressure remains on the upside. Positive daily studies highlight room for further gains ahead to retrace the January/April losses and higher will see room to target resistance at .5892/.5900, 19 March high and congestion area. Clearance here will turn focus to strong resistance at the .5928/.5950, February low and congestion area. Meanwhile, support is raised to the .5800 congestion which should now underpin and sustain bounce from the .5680 low.