Published: 2026-09-07T00:31:51.000Z
Chart NZD/USD Update: Consolidating
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Bounce from support at the .5815/00 area last week has seen gains checked at the .5900 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5988 | ** | Aug high | S1 | .5850 | * | congestion | |
| R3 | .5950 | * | congestion | S2 | .5815/00 | ** | May low, congestion | |
| R2 | .5930 | 1 Sep high | S3 | .5762 | * | 23 Jul low | ||
| R1 | .5900 | * | congestion | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:25 GMT - Bounce from support at the .5815/00 area last week has seen gains checked at the .5900 resistance and settling into consolidation within the .5900/.5850 area. Mixed daily studies suggest consolidation here likely to extend before giving way to break above .5900 level to retrace losses from the .5988 August high. Above .5900 and the .5930 resistance will revive upside focus and see room extension to retest .5950 congestion then the .5988 high. Meanwhile, support remains at the .5850 congestion which should underpin and sustain bounce from the .5815/00 support.