Chart NZD/USD Update: Remains above .5930 support
Still little change, as prices remains above the .5930 support following pullback from the .5990 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6120 | ** | Jul 2025 yr high | S1 | .5930 | ** | Apr high | |
| R3 | .6092 | ** | 29 Jan YTD high | S2 | .5850 | * | congestion | |
| R2 | .6050 | * | congestion | S3 | .5815 | ** | 29 Apr low | |
| R1 | .6000/10 | * | congestion, 26 Feb high | S4 | .5800 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Still little change, as prices remains above the .5930 support following pullback from the .5990 high of last week. The resulting flag pattern suggest consolidation giving way to break higher later to further retrace the January/April losses to the nearby resistance at the .6000/10 area. Clearance here will see potential to the .6050 congestion but focus will turn to the .6092 current year high of 29 January. Meanwhile, support remains at the .5930 April high and this extend to the .5900 level which should underpin. Below here will see open up room for deeper pullback towards support at the .5850 congestion and .5815, 29 April low.