Published: 2025-07-28T00:43:07.000Z
Chart NZD/USD Update: Consolidating above .6000 level
Technical Analyst
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Saw pullback from the .6060 high of last week 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
00:35 GMT - Saw pullback from the .6060 high of last week as prices consolidate gains from the .5905 low to reach the .6000 level. Daily studies remains overbought and a deeper pullback cannot be ruled out. Lower will see room to the .5950 congestion but correction is expected to give way to renewed buying interest later. Clearing the .6050 congestion and the .6060 high will return focus to the upside for retest of the .6087 and .6120, May high and 1st July current year high.