Published: 2025-09-11T00:34:15.000Z
Chart NZD/USD Update: Consolidating, room for higher later
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Extend choppy trade around the .5950 resistance as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .6100 | figure | S1 | .5915/00 | * | 1 Sep high, congestion | ||
| R3 | .6050/60 | ** | congestion, 24 Jul high | S2 | .5850/30 | * | congestion, Mar high | |
| R2 | .5995/00 | ** | Aug high, congestion | S3 | .5800 | ** | Aug low, 50% | |
| R1 | .5950 | * | congestion | S4 | .5772 | * | Feb high |
Asterisk denotes strength of level
00:30 GMT - Extend choppy trade around the .5950 resistance as prices unwind overbought intraday studies. Daily studies are stretched as well but consolidation here should see resistance turned support at the .5900/15 area expected to underpin and limit corrective pullback. Positive weekly studies suggest consolidation giving way to renewed buying interest later to further retrace the July/August losses. Clearing the .5950 congestion will open up room for extension to retest the August high at .5995 and the 6000 level.