Published: 2026-10-06T00:45:47.000Z
Chart NZD/USD Update: Still heavy, .5578 support at risk
1
Consolidating at the .5600 level as prices unwind oversold intraday studies
| 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
00:40 GMT - Consolidating at the .5600 level as prices unwind oversold intraday studies. However, pressure remains on the downside and threatens the .5578 low of November 2025. Below here will see room to the .5500 figure then the critical .5485/.5470, 2025 and 2020 year lows. Deep oversold daily studies suggest these keeping out of reach and reaction at the .5578 cannot be ruled out. Bounce will see resistance starting at the .5625 June low. Above here will open up room for stronger gains to .5650 congestion then the strong resistance at .5680, April low.