Published: 2025-08-28T00:30:37.000Z
Chart NZD/USD Update: Extend consolidation below .5880
Technical Analyst
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Little change, as prices extend drift below the .5880 Monday's high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050/60 | ** | congestion, 24 Jul high | S1 | .5850 | * | congestion | |
| R3 | .5995 | ** | 13 Aug high | S2 | .5800 | * | congestion, 50% | |
| R2 | .5950 | * | congestion | S3 | .5772 | * | Feb high | |
| R1 | .5880/00 | * | 5 Aug low, congestion | S4 | .5730 | * | 61.8% Apr/Jul rally |
Asterisk denotes strength of level
00:25 GMT - Little change, as prices extend drift below the .5880 Monday's high. However, positive daily studies suggest room for break here to extend bounce from the .5800 low of last week. Clearing the .5880/.5900 resistance will see room for stronger gains to the .5950 congestion and July channel resistance. Break here, if seen, will reverse corrective pullback from the July high and see room for extension to the .6000 figure. Meanwhile, support at the .5850/30 area should underpin and sustain bounce from the .5800 low.