Published: 2025-09-16T00:38:51.000Z
Chart NZD/USD Update: Range-bound, but room for higher later
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Little change, as prices remains confined to range below the .5980 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6120 | ** | 1 Jul YTD high | S1 | .5950 | * | congestion | |
| R3 | .6050/60 | * | congestion, 24 Jul high | S2 | .5915/00 | ** | 1 Sep high, congestion | |
| R2 | .6000 | ** | congestion | S3 | .5850/30 | * | congestion, Mar high | |
| R1 | .5980 | * | 11 Sep high | S4 | .5800 | ** | Aug low, 50% |
Asterisk denotes strength of level
00:30 GMT - Little change, as prices remains confined to range below the .5980 high of last week. The resulting pennant pattern suggest eventual break here to extend gains from the .5830 low of 4 September and further retrace the July/August losses. Higher will see room to target the .6000 level. Break here will open up room to the .6050/60 area with potential extension to retest the .6100/20, July current year high. Meanwhile, support is at the .5950 congestion which extend to the .5915/00 area. This is expected to underpin and sustain gains from the .5800, August low.