Published: 2025-08-14T00:43:55.000Z
Chart NZD/USD Update: Extending gains, focus on .6000 level
Technical Analyst
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Consolidation around the .5950 congestion has given way to bounce to approach the .6600 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6120 | ** | 1 Jul high | S1 | .5950 | * | congestion | |
| R3 | .6087 | * | 16 Jun high | S2 | .5900 | * | congestion | |
| R2 | .6050/60 | ** | congestion, 24 Jul high | S3 | .5850/45 | ** | congestion, May low | |
| R1 | .6000 | * | congestion | S4 | .5830 | * | 18 Mar high |
Asterisk denotes strength of level
00:35 GMT - Consolidation around the .5950 congestion has given way to bounce to approach the .6600 level. Clearance here will see strong gains to retrace losses from the July current year high at .6120. Break will open up room for extension to retest resistance at the .6050/60 congestion and 24 July high. Meanwhile, support is raised to the .5950 congestion which is expected to underpin and limit corrective pullback. Below here will fade the upside pressure and see room for pullback to the .5900 congestion.