Published: 2026-10-16T00:44:33.000Z
Chart NZD/USD Update: Pressuring .5625 resistance
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Bounce from the .5565 Wednesday's fresh year low has seen extension to retest resistance at .5625 June low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5700 | * | congestion | S1 | .5578 | * | Nov 2025 low | |
| R3 | .5680 | ** | Apr low | S2 | .5565 | ** | 14 Oct YTD low | |
| R2 | .5650 | * | congestion | S3 | .5500 | * | figure | |
| R1 | .5625 | ** | Jun low | S4 | .5485 | ** | 2025 year low |
Asterisk denotes strength of level
00:40 GMT - Bounce from the .5565 Wednesday's fresh year low has seen extension to retest resistance at .5625 June low. Daily studies are tracking higher, having turned up from oversold areas and suggest scope for break here to confirm a potential base pattern. Clearance will open up room for stronger gains to retrace steep losses from the August high and see scope to .5650 congestion then strong resistance at .5680/.5700, April low and congestion area. Meanwhile, support remains at the .5578/.5565 lows. Below these will see room for extension to retest .5485, April 2025 year low.