Published: 2025-06-24T00:48:40.000Z
Chart NZD/USD Update: Extend bounce from .5882 low
Technical Analyst
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Volatile trade has seen sharp dive through the .5950 and .5900 congestion before staging rebound from .5882 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6100 | * | congestion | S1 | .5950 | * | congestion | |
| R3 | .6087 | ** | 16 Jun YTD high | S2 | .5900 | * | congestion | |
| R2 | .6028/50 | * | Apr high, congestion | S3 | .5882 | ** | 23 Jun low | |
| R1 | .6000 | * | congestion | S4 | .5850 | ** | congestion, May low |
Asterisk denotes strength of level
00:35 GMT - Volatile trade has seen sharp dive through the .5950 and .5900 congestion before staging rebound from .5882 low to retest the .6000 level. Daily studies have turned up from oversold readings but further volatile trade cannot be ruled out. Would need to regain this to open up room for stronger gains to retrace losses from the .6087 current year high. Meanwhile, support is raised to the .5950 congestion which should underpin. Only break of the .5900 level and .5882 low will open up room for deeper pullback to the .5850 support.