Published: 2025-07-22T00:43:43.000Z
Chart NZD/USD Update: Range-bound in consolidation
Technical Analyst
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Higher in range following bounce from the .5905 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6087 | * | 16 Jun high | S1 | .5905/00 | * | 17 Jul low, congestion | |
| R3 | .6030/50 | ** | 3 Jul low, congestion | S2 | .5882 | ** | Jun low | |
| R2 | .6000 | * | congestion | S3 | .5850/45 | ** | congestion, May low | |
| R1 | .5975 | * | 9 Jul low | S4 | .5800 | * | 50% Apr/Jul rally |
Asterisk denotes strength of level
00:30 GMT - Higher in range following bounce from the .5905 low of last week as prices consolidate losses from the .6120, July current year high. Daily studies remains mixed and suggest consolidation extending while the .6000 level cap. Would take break here to open up room for stronger bounce to the .6030/50 resistance. Meanwhile, support is at the .5905 low of last week. Break here will see room for deeper pullback to retrace gains from the April low and see extension to the .5882 and .5845, June and May lows.