Published: 2026-05-08T00:32:28.000Z
Chart NZD/USD Update: Consolidating
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Settled back in range from the .5990 high as prices consolidate break of the .5930 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6120 | ** | Jul 2025 yr high | S1 | .5930 | ** | Apr high | |
| R3 | .6092 | ** | 29 Jan YTD high | S2 | .5850 | * | congestion | |
| R2 | .6050 | * | congestion | S3 | .5815 | ** | 29 Apr low | |
| R1 | .6000/10 | * | congestion, 26 Feb high | S4 | .5800 | * | congestion |
Asterisk denotes strength of level
00:25 GMT - Settled back in range from the .5990 high as prices consolidate break of the .5930 resistance. Consolidation is expected to give way to fresh gains later to further retrace the January/April losses. Above the .5990 high and the .6000/10 resistance will see room to the .6050 congestion but focus will turn to the .6092 current year high of 29 January. Meanwhile, support is raised to the .5930 April high which should underpin. Below this will see room for deeper pullback to support at the .5900/.5850 congestion and .5815 low of 29 April.