Published: 2026-04-09T00:41:16.000Z
Chart NZD/USD Update: Consolidating test of .5850 resistance
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No follow-through on break above resistance at the .5850 congestion as prices consolidate strong gains from the .5680 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000 | * | congestion | S1 | .5800 | * | congestion | |
| R3 | .5928/50 | ** | Feb low, congestion | S2 | .5750 | * | congestion | |
| R2 | .5892/00 | * | 19 Mar high, congestion | S3 | .5700 | congestion | ||
| R1 | .5850 | ** | congestion | S4 | .5680 | ** | 3 Apr YTD low |
Asterisk denotes strength of level
00:30 GMT - No follow-through on break above resistance at the .5850 congestion as prices consolidate strong gains from the .5680 low. Intraday studies are unwinding overbought readings but the daily studies are tracking higher and suggest room for further gains ahead. Break above the .5860 high will see room for stronger gains to retrace losses from the January current year high to .5892/00, 19 March high and congestion area. Meanwhile, support is raised to the .5800 congestion which should now underpin and sustain bounce from the .5680 low.