Published: 2026-10-28T00:40:43.000Z
Chart NZD/USD Update: Choppy in range below .5710 high
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Little change, as prices extend choppy trade below the .5710 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5850 | ** | congestion | S1 | .5680 | * | congestion | |
| R3 | .5800 | ** | congestion | S2 | .5650 | * | congestion | |
| R2 | .5750 | * | congestion | S3 | .5625 | ** | Jun low | |
| R1 | .5700/10 | * | congestion, 22 Oct high | S4 | .5565 | ** | 14 Oct YTD low |
Asterisk denotes strength of level
00:35 GMT - Little change, as prices extend choppy trade below the .5710 high of last week. Daily studies have turned lower to unwind overbought readings with prices back to weigh on support starting at .5680, April low. Below here will open up room for deeper pullback towards strong support at the .5650/.5625 congestion and June low which should underpin. Consolidation expected to give way to renewed buying interest later. Meanwhile, resistance remains at the .5700/10 area. Clearance here will see room to further retrace losses from the August/October losses to .5750 congestion.