Published: 2025-07-25T00:30:59.000Z
Chart NZD/USD Update: Consolidating at .6050 resistance, room for higher
Technical Analyst
3
Settled back in from test of the .6030/50 resistance as prices consolidate gains from the .5905 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6165 | * | 76.4% Sep/Apr fall | S1 | .6000 | * | congestion | |
| R3 | .6120 | ** | 1 Jul YTD high | S2 | .5950 | * | congestion | |
| R2 | .6087 | * | 16 Jun high | S3 | .5905/00 | ** | 17 Jul low, congestion | |
| R1 | .6050 | ** | congestion | S4 | .5882 | ** | Jun low |
Asterisk denotes strength of level
00:25 GMT - Settled back in from test of the .6030/50 resistance as prices consolidate gains from the .5905 low of last week and unwind overbought intraday studies. Bullish momentum and positive daily studies suggest consolidation here giving way to further gains later to open up room for retest of the .6087 and .6120 highs. Meanwhile, support at the .6000 congestion should underpin. Failure here will fade the upside pressure and see room for pullback towards the .5950 congestion and .5905 low.