Published: 10 March 2026,02:03
Chart The Market
NASDAQ, H4:
The Nasdaq continues to trade within a broad consolidation phase following its earlier rejection from the 25,800–26,200 region. After the sharp decline that pushed price toward the 0.236 Fibonacci retracement level near 24,590, the index has struggled to regain sustained bullish momentum. Recent price action shows repeated attempts to rebound, but upside moves have largely stalled near the 0.382 retracement level around 25,050, suggesting that this zone is acting as a short-term resistance barrier. Currently, the index is fluctuating between support near 24,590 and resistance around 25,050, reflecting a range-bound structure as market participants reassess directional conviction. The inability to establish higher highs above the 0.382 level indicates that the broader corrective tone remains intact, while the 0.236 support continues to serve as a key floor preventing deeper declines for now. A decisive break above 25,050 would be required to strengthen the case for a recovery toward the 0.5 retracement level near 25,425, whereas a sustained move below 24,590 could expose the index to renewed downside pressure toward the lower support region around 23,840.
Momentum indicators remain relatively neutral. RSI is hovering near the 50 level, reflecting balanced buying and selling pressure without a clear directional bias. Meanwhile, MACD remains slightly negative, with the histogram showing modest bearish momentum, though the pace of downside pressure appears to be stabilizing. Overall, the Nasdaq is currently consolidating within a defined range, and a breakout from either side of this structure will likely determine the next directional move in the near term.
Resistance Levels: 25,050.00, 25,425.00
Support Levels: 24,590.00, 23,840.00
NZDUSD, H4
NZD/USD has recently staged a modest rebound after finding support near the 0.5840–0.5850 region. The pair previously experienced a steady decline from the 0.6020 area, forming a sequence of lower highs and lower lows that signaled a short-term bearish structure. However, selling pressure began to ease after price tested the 0.5840 support level, prompting a recovery that has pushed the pair back toward the 0.5920–0.5930 zone. Currently, price is approaching the 0.5925 resistance area, which previously acted as support before the earlier breakdown. This level now serves as a key technical barrier, and a sustained move above it could open the path for further recovery toward the 0.5970 resistance region. Conversely, failure to break above this zone may lead to renewed consolidation, with the pair potentially drifting back toward the 0.5890 support level. A deeper decline below this area would expose the pair once again to the 0.5840 support region.
Momentum indicators are showing signs of improving bullish momentum in the near term. RSI has climbed above the 50 level, suggesting strengthening buying interest after the recent rebound. Meanwhile, MACD has turned positive with the histogram expanding to the upside, indicating that short-term momentum is shifting in favor of buyers. Nevertheless, the broader trend remains somewhat cautious unless price can establish a clear break above the 0.5970 resistance zone.
Resistance Levels: 0.5970, 0.6020
Support Levels: 0.5925, 0.5890
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