Published: 2026-10-09T01:42:28.000Z
Chart NZD/USD Update: Consolidating, scope for bounce
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Extend choppy trade above the .5580/.5578 Monday and November low to consolidate losses from the August high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5700 | * | congestion | S1 | .5578 | ** | Nov 2025 low | |
| R3 | .5680 | ** | Apr low | S2 | .5550 | * | congestion | |
| R2 | .5650 | * | congestion | S3 | .5500 | ** | figure | |
| R1 | .5625 | * | Jun low | S4 | .5485 | ** | 2025 year low |
Asterisk denotes strength of level
01:40 GMT - Extend choppy trade above the .5580/.5578 Monday and November low to consolidate losses from the August high. Intraday and daily studies are unwinding oversold readings and suggest recent price action tracing out a small base here with resistance starting at 1.5625, June low. Clearance here will open up room for stronger recovery to the .5650 congestion then the strong resistance at .5680, April low. Support at the .5580/.5578 lows should underpin. Only below here will see room to the .5500 figure then the critical .5485/.5470, 2025 and 2020 year lows.