Published: 2026-07-08T00:47:38.000Z
Chart NZD/USD Update: Leaning lower in consolidation
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Leaning lower in consolidation to pressure the .5680 support as shallow corrective bounce gives way to fresh selling pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5800/15 | ** | congestion, May low | S1 | .5680 | * | Apr low | |
| R3 | .5770/80 | ** | 11, 8 Jun lows | S2 | .5665/50 | * | 2 Jul low, congestion | |
| R2 | .5750 | * | congestion | S3 | .5625 | ** | 26 Jun YTD low | |
| R1 | .5700 | * | congestion | S4 | .5600 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Leaning lower in consolidation to pressure the .5680 support as shallow corrective bounce gives way to fresh selling pressure. Lower will see room to support at the .5665/50 area but negative daily studies highlights risk for deeper pullback to retest the .5625, June current year low and the .5600 level and channel support from January high. Meanwhile, resistance at .5700/27 congestion and Friday's high expected to cap. Clearance will revive upside focus and see strong recovery to retrace sharp losses from the May high.