Published: 2026-06-12T00:50:57.000Z
Chart NZD/USD Update: Consolidation losses to .5770 low
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Break to fresh low at .5770 has given way to rebound as prices consolidate sharp losses from the .5990 May high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5990/95 | ** | May highs | S1 | .5815/00 | * | May low, congestion | |
| R3 | .5930 | ** | Feb low | S2 | .5770 | ** | 11 Jun low | |
| R2 | .5900 | * | congestion | S3 | .5750 | * | congestion | |
| R1 | .5850 | ** | congestion | S4 | .5700 | * | Mar low, congestion |
Asterisk denotes strength of level
00:40 GMT - Break to fresh low at .5770 has given way to rebound as prices consolidate sharp losses from the .5990 May high and unwind oversold daily studies. Bounce above .5800/15 area see room for to retest strong resistance at .5850 congestion. Clearance here, if seen, will ease the downside pressure and see room to strong resistance at the .5900/30 area. Meanwhile, support is raised to .5815/00 area which should underpin and sustain bounce from .5770 low. Failure here will open up room for further extension to .5750 congestion then the .5700/.5680, March and April lows.