Published: 2025-06-30T00:34:27.000Z
Chart NZD/USD Update: Just shy of .6087, current year high
Technical Analyst
3
Saw break above the .6050 congestion to approach the .6087, current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6200/22 | * | congestion, Jun 2024 high | S1 | .6030/00 | * | congestion | |
| R3 | .6165 | * | 76.4% Sep/Apr fall | S2 | .5950 | * | congestion | |
| R2 | .6100 | * | congestion | S3 | .5900 | * | congestion | |
| R1 | .6087 | ** | 16 Jun YTD high | S4 | .5882 | ** | 23 Jun low |
Asterisk denotes strength of level
00:30 GMT - Saw break above the .6050 congestion to approach the .6087, current year high. Consolidation below this see prices unwinding overbought intraday studies but bullish momentum from the .5882 low of last week keeps focus firmly on the upside and suggest scope for break to extend the broader gains from April low. Clearance will open up room to .6100 level then .6165, 76.4% Fibonacci retracement. Meanwhile, support is at .6030 congestion and extend to the .6000 figure area which should underpin and sustain bounce from the .5882 low.