Published: 2025-03-27T00:44:26.000Z
Chart NZD/USD Update: Drifting narrowly above .5700
Technical Analyst
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Little change, as prices extending consolidation above the .5700 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5845/50 | ** | 38.2%, Apr/Aug lows | S1 | .5700 | * | congestion | |
| R3 | .5830 | * | 18 Mar YTD high | S2 | .5676 | ** | 11 Mar low | |
| R2 | .5800 | * | congestion | S3 | .5650 | * | congestion | |
| R1 | .5773 | * | Feb high | S4 | .5584 | ** | 28 Feb low |
Asterisk denotes strength of level
00:35 GMT - Little change, as prices extending consolidation above the .5700 congestion. Would take break here to open up room for deeper slippage to the .5676/50 congestion area. Corrective pullback from the .5830 high is expected to give way to fresh buying interest later with resistance starting at the .5773, February high. Above here will return focus to the upside for retest of the .5800 level and the .5830 high and where break will extend gains from the February YTD low and see room further retrace the September/February losses.