Published: 2025-10-09T00:40:39.000Z
Chart NZD/USD Update: Still room to retest .5755/37 lows
-
No follow-through on break of the .5755 September low as losses met with buying interest at the .5737 channel support from the July high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5737 | ** | 8 Oct low, channel | |
| R3 | .5900 | * | congestion | S2 | .5730 | * | 61.8% Apr/Jul rally | |
| R2 | .5850 | ** | congestion, 3 Apr high | S3 | .5700 | * | congestion | |
| R1 | .5800 | * | Aug low | S4 | .5650 | congestion |
Asterisk denotes strength of level
00:30 GMT - No follow-through on break of the .5755 September low as losses met with buying interest at the .5737 channel support from the July high. The resulting pin bar see prices poised for retest of the .5800 level where break will expose strong resistance at .5850 to retest. However, negative daily studies suggest the downside still vulnerable and retest of the .5755 and .5737 lows cannot be ruled out. Below these will see room for extension to .5730, 61.8% Fibonacci level.