Published: 2025-09-02T00:34:49.000Z
Chart NZD/USD Update: Pressuring .5900 level, room to extend
Technical Analyst
1
Little change, as prices consolidate test of the .5900 level and unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6050/60 | ** | congestion, 24 Jul high | S1 | .5850 | * | congestion | |
| R3 | .5995 | ** | 13 Aug high | S2 | .5800 | * | congestion, 50% | |
| R2 | .5950 | * | congestion | S3 | .5772 | * | Feb high | |
| R1 | .5900 | * | congestion, | S4 | .5730 | * | 61.8% Apr/Jul rally |
Asterisk denotes strength of level
00:30 GMT - Little change, as prices consolidate test of the .5900 level and unwind overbought intraday studies. However, pressure remains firmly on the upside and suggest consolidation giving way to break later to extend bounce from the .5800 low. Break here will see room for extension to resistance at the July channel and congestion at .5930/50 area. Clearance here will open up for extension to the .6000 figure. Meanwhile, support at the .5850 congestion expected to underpin and limit corrective pullback.