Published: 2026-06-05T00:35:56.000Z
Chart NZD/USD Update: Consolidating, room for lower later
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Little change, as prices consolidate sharp losses from the .5990 high above support at the .5850 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6000/13 | * | congestion, 26 Feb high | S1 | .5850 | * | congestion | |
| R3 | .5990 | ** | 6 May high | S2 | .5835 | * | 200-day MA, 50% | |
| R2 | .5930 | * | congestion, Apr high | S3 | .5815/00 | ** | May low, 61.8% | |
| R1 | .5900 | * | congestion | S4 | .5750 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Little change, as prices consolidate sharp losses from the .5990 high above support at the .5850 congestion. Break here will see room to the strong support zone starting at 5835, 200-day MA and 50% Fibonacci level. Lower still, will see scope to .5815/00, May low and 61.8% Fibonacci level. Meanwhile, resistance is lowered to the .5900/30 congestion area and April high which are expected to cap. Would take break here to revive the upside focus and see room for retest of .5990 resistance and the .6000 figure.