Published: 2026-02-26T00:55:50.000Z
Chart NZD/USD Update: Back to pressure .6000 level
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Turned up in consolidation above the .5950 support to retest resistance at .6000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6093 | ** | 29 Jan YTD high | S1 | .5950 | * | congestion, 38.2% | |
| R3 | .6076 | * | 12 Feb high | S2 | .5928 | ** | 6 Feb low | |
| R2 | .6050 | ** | congestion | S3 | .5900 | * | 50% Jan rally | |
| R1 | .6000 | * | figure, congestion | S4 | .5853/50 | ** | Dec high, congestion |
Asterisk denotes strength of level
00:40 GMT - Turned up in consolidation above the .5950 support to retest resistance at .6000. Positive daily studies suggest scope for break here to open up room for retest of the .6050 resistance. Break here will clear the way for retest of the .6076/.6093 highs. Clearance here will extend the broader gains from the November low and see scope to retest the .6120, July 2025 year high. Meanwhile, support at the .5950 congestion should underpin. Failure here will open up room for deeper pullback to retrace the January rally.