Published: 2025-10-28T00:34:31.000Z
Chart NZD/USD Update: Extending gains, room to .5800 level
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Break above the .5755 resistance see prices extending gains from the .5683 low of 14 October
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5755 | * | Sep low | |
| R3 | .5900 | * | congestion | S2 | .5710/00 | * | congestion | |
| R2 | .5845/50 | ** | 6 Oct high, congestion | S3 | .5683 | ** | 14 Oct low | |
| R1 | .5800 | ** | Aug low | S4 | .5635 | * | 76.4% Apr/Jul rally |
Asterisk denotes strength of level
00:30 GMT - Break above the .5755 resistance see prices extending gains from the .5683 low of 14 October. Positive daily and weekly studies highlights scope for further gains ahead with focus now turning to strong resistance at the .5800 level and August low, which is expected to cap. Clearance, if seen, will open up room for stronger gains to retrace losses from .6000 level and channel resistance from .6120 July high and see room to the .5845/50 area. Meanwhile, support is raised to .5755 which is expected to underpin and sustain gains from the .5683 low.