Published: 2025-07-02T00:44:32.000Z
Chart NZD/USD Update: Consolidating gains to .6120, fresh year high
Technical Analyst
2
Saw break above the .6100 level to reach fresh year high at .6120 before settling back to consolidate at the .6100 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6300 | ** | Aug 2024 high | S1 | .6030/00 | * | congestion | |
| R3 | .6250 | * | congestion | S2 | .5950 | * | congestion | |
| R2 | .6200/22 | * | congestion, Jun 2024 high | S3 | .5900 | * | congestion | |
| R1 | .6165 | * | 76.4% Sep/Apr fall | S4 | .5882 | ** | 23 Jun low |
Asterisk denotes strength of level
00:35 GMT - Saw break above the .6100 level to reach fresh year high at .6120 before settling back to consolidate at the .6100 level as prices unwind overbought intraday studies. Higher will see room for further gains to retrace the September/April losses and see room to .6165 Fibonacci level where reaction can be expected as daily studies extend into overbought areas. Meanwhile, support is at the .6030 April high and this extend to the .6000 figure which should underpin. Failure here will fade the upside pressure and see room for deeper corrective pullback to .5950/.5900 congestion.