Published: 2026-06-08T00:47:11.000Z
Chart NZD/USD Update: Consolidating losses
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Gapped down opening reach .5778 low before turning higher to regain the .5800 level as prices consolidate sharp losses last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5930 | ** | Feb low | S1 | .5750 | * | congestion | |
| R3 | .5900 | * | congestion | S2 | .5700 | * | Mar low, congestion | |
| R2 | .5850 | * | congestion | S3 | .5680 | ** | Apr low | |
| R1 | .5815/35 | ** | May low, 200-day MA | S4 | .5650 | * | congestion |
Asterisk denotes strength of level
00:40 GMT - Gapped down opening reach .5778 low before turning higher to regain the .5800 level as prices consolidate sharp losses last week from the .5930 resistance. However, further losses cannot be ruled out and lower will see room to the .5750 congestion. Below this will see potential to retest the .5700/.5680, March and April lows. Meanwhile, resistance is lowered to the .5815/35 previous May lows and 200-day MA which is expected to cap and keep pressure on the downside. Above here here needed to ease the downside pressure and see room for stronger bounce.