Published: 2025-11-17T00:40:29.000Z
Chart NZD/USD Update: Consolidating test of .5682/.5700, room for higher later
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Settled back from test of resistance at the .5682/.5700 area as prices consolidate gains from the .5606 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5850/55 | ** | congestion, 1 Aug low | S1 | .5650 | congestion | ||
| R3 | .5800 | ** | Aug low | S2 | .5606/00 | ** | 7 Jan low, congestion | |
| R2 | .5755 | * | Sep low | S3 | .5585 | * | 2 Jan low | |
| R1 | .5700 | * | congestion | S4 | .5550 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Settled back from test of resistance at the .5682/.5700 area as prices consolidate gains from the .5606 low. Consolidation is expected to give way to renewed buying interest later and break above resistance at the .5700 level will see room for stronger gains to retrace losses from the .6007 September high. Clearance will see scope to resistance at .5755/.5800, September and August lows. Meanwhile, support is raised to .5650 which should underpin and sustain gains from the .5606 low.