Published: 2026-07-20T00:47:13.000Z
Chart NZD/USD Update: Consolidating bullish gains last week
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Gapped down at the opening has given way to bounce at .5825 Friday's low as prices extend consolidation below the .5850
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | ** | congestion, channel | S1 | .5815/00 | ** | May low, congestion | |
| R3 | .5900 | * | congestion | S2 | .5770 | * | 11 Jun low | |
| R2 | .5863 | * | 5 Jul high | S3 | .5750 | * | congestion | |
| R1 | .5850 | * | congestion | S4 | .5727 | ** | 3 Jul high |
Asterisk denotes strength of level
00:30 GMT - Gapped down at the opening has given way to bounce at .5825 Friday's low as prices extend consolidation below the .5850 congestion. Bullish gains from the .5625 June current year low keep focus on the upside and consolidation expected to give way to renewed buying interest later. Above .5850/63 will see room to the .5900 congestion and .5950, channel top. Meanwhile, support is raised to the .5815/00 congestion area which is expected to underpin. Below here will ease the upside pressure and see room for consolidation to the .5770/50 support.