Published: 2025-11-20T00:42:03.000Z
Chart NZD/USD Update: Under pressure, room to extend losses
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Consolidation at the .5650/45 support has given way to sharp break to reach the .5600/.5585 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5800 | ** | Aug low | S1 | .5600 | * | congestion | |
| R3 | .5755 | * | Sep low | S2 | .5585 | * | congestion | |
| R2 | .5700 | * | congestion | S3 | .5550/40 | * | congestion, Jan low | |
| R1 | .5650 | * | congestion | S4 | .5485 | ** | 9 April YTD low |
Asterisk denotes strength of level
00:35 GMT - Consolidation at the .5650/45 support has given way to sharp break to reach the .5600/.5585 support. Bounce from the .5590 low see prices unwinding oversold intraday studies but pressure remains on the downside. Break here will extend the broader losses from the .6120 July YTD high and see room for extension to support at the .5550/.40 area but focus will return to the .5485, April current year low. Meanwhile, resistance is lowered to the .5650 congestion which is expected to cap and sustain pressure from Friday's .5691 lower high.