Published: 2026-04-23T00:31:02.000Z
Chart NZD/USD Update: Poised for retest of .5930 high
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Consolidating at the .5900 level but Monday's bounce from the .5850 support keep pressure on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050 | * | congestion | S1 | .5850 | * | congestion | |
| R3 | .6000/10 | * | congestion, 26 Feb high | S2 | .5800/95 | * | congestion, 13 Apr low | |
| R2 | .5950 | * | congestion | S3 | .5750 | * | congestion | |
| R1 | .5930 | ** | Feb low | S4 | .5680 | ** | 3 Apr YTD low |
Asterisk denotes strength of level
00:25 GMT - Consolidating at the .5900 level but Monday's bounce from the .5850 support keep pressure on the upside and see potential for retest of the .5930 resistance. Break here will extend the broader gains from the .5680 low of 3 April and see room to .5950 congestion. Higher still, will see room for extension to the .6000/10 figure and 26 February high. Meanwhile, support at .5850 congestion should underpin and only break here will open up room for deeper pullback to retrace gains from the .5680 low to extend corrective pullback to the .5800/.5795 congestion and 13 April low.