Published: 2026-05-04T00:40:54.000Z
Chart NZD/USD Update: Extend consolidation below .5930 resistance
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Back to consolidate below resistance at the .5930 high of 17 April following rebound from the .5815 pullback low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050 | * | congestion | S1 | .5850 | * | congestion | |
| R3 | .6000/10 | * | congestion, 26 Feb high | S2 | .5815 | ** | 29 Apr low | |
| R2 | .5950 | * | congestion | S3 | .5800 | * | congestion | |
| R1 | .5930 | ** | 17 Apr high | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Back to consolidate below resistance at the .5930 high of 17 April following rebound from the .5815 pullback low of last week. The latter and the .5800 level now seen protecting the downside and sustaining gains from the .5680, 3 April current year low. Consolidation below the .5930 resistance is expected to give way to eventual break to further retrace the January/April losses. Higher will see room for extension to resistance at the .5950 congestion and the .6000/10 area. Above the latter will return focus to .6092, 29 January YTD high.