Published: 2026-05-19T00:32:10.000Z
Chart NZD/USD Update: Consolidating above .5815/00 support
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Turned up from above the .5815 support to consolidate losses from the .5990 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5815 | ** | 29 Apr low | |
| R3 | .5990 | ** | 6 May high | S2 | .5800 | * | congestion | |
| R2 | .5930 | ** | Feb low, congestion | S3 | .5750 | * | congestion | |
| R1 | .5900 | * | congestion | S4 | .5700 | * | congestion |
Asterisk denotes strength of level
00:25 GMT - Turned up from above the .5815 support to consolidate losses from the .5990 high. Bounce see resistance at the .5900/30 area expected to cap with negative daily and weekly studies suggesting consolidating giving way to renewed selling pressure later to strong support at the .5815/00, 29 April low and congestion area. Below this will open up room for deeper pullback to .5750 congestion. Meanwhile, break of resistance at the .5900/30 area is needed to fade the downside pressure and return focus to the .5990 high of 6 May.