Published: 2025-11-12T00:33:07.000Z
Chart NZD/USD Update: Room for stronger gains
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Higher in consolidation from the .5606 low as prices unwind oversold daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5800 | ** | Aug low | S1 | .5606/00 | * | 7 Nov low, congestion | |
| R3 | .5755 | * | Sep low | S2 | .5585 | * | 2 Jan low, congestion | |
| R2 | .5700 | * | congestion | S3 | .5550 | * | congestion | |
| R1 | .5670 | * | 6 Nov high | S4 | .5500/85 | ** | congestion, 9 Apr YTD low |
Asterisk denotes strength of level
00:25 GMT - Higher in consolidation from the .5606 low as prices unwind oversold daily studies to reach resistance at .5670. Clearance here will see room for extension to the .5700 level. Break above the latter will open up room for stronger gains to retrace losses from the .6007 September high to resistance at .5755 and .5800, September and August lows. Meanwhile, support at .5606/00 area should underpin. Break here, if seen, will further extend the July losses and see potential for retest of the .5485, April current year low.