Published: 2025-09-03T00:51:17.000Z
Chart NZD/USD Update: Under pressure from the .5900/15 resistance
Technical Analyst
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Prices remains under pressure following rejection from test of the .5900 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050/60 | ** | congestion, 24 Jul high | S1 | .5850 | * | congestion | |
| R3 | .5995 | ** | 13 Aug high | S2 | .5800 | * | congestion, 50% | |
| R2 | .5950 | * | congestion | S3 | .5772 | * | Feb high | |
| R1 | .5900/15 | ** | congestion, 1 Sep high | S4 | .5730 | * | 61.8% Apr/Jul rally |
Asterisk denotes strength of level
00:40 GMT - Prices remains under pressure following rejection from test of the .5900 congestion. Daily studies have turned down from overbought areas and threatens break of the .5850 support. Below this will open up room for retest of the August low at the .5800 level. Below this will further extend losses within the July bear channel and retrace the April/July rally. Meanwhile, resistance at the .5900/15 congestion and Monday's high now expected to cap and sustain losses from the July high.