Published: 2025-07-03T00:32:42.000Z
Chart NZD/USD Update: Consolidating below .6120 current year high
Technical Analyst
1
Settled back from fresh high at .6120 as prices consolidate strong gains from the .5882 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6300 | ** | Aug 2024 high | S1 | .6030/00 | * | congestion | |
| R3 | .6200/22 | * | congestion, Jun 2024 high | S2 | .5950 | * | congestion | |
| R2 | .6165 | * | 76.4% Sep/Apr fall | S3 | .5900 | * | congestion | |
| R1 | .6100/20 | ** | congestion, 1 Jul YTD high | S4 | .5882 | ** | 23 Jun low |
Asterisk denotes strength of level
00:30 GMT - Settled back from fresh high at .6120 as prices consolidate strong gains from the .5882 low of last week. Further gains not ruled out to retrace the September/April losses and higher will see room to .6165 Fibonacci level where reaction can be expected as daily studies extend into overbought areas. Meanwhile, support is at the .6030 April high and this extend to the .6000 figure which should underpin. Would take break here to fade the upside pressure and open up room for corrective pullback to .5950/.5900 congestion.