Published: 2025-11-10T00:32:08.000Z
Chart NZD/USD Update: Consolidating above .5600
1
Higher in consolidation above the .5606 low as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5800 | ** | Aug low | S1 | .5600 | * | congestion | |
| R3 | .5755 | * | Sep low | S2 | .5585 | * | 2 Jan low, congestion | |
| R2 | .5700 | * | congestion | S3 | .5550 | * | congestion | |
| R1 | .5650/70 | * | congestion, 6 Nov high | S4 | .5500/85 | ** | congestion, 9 Apr YTD low |
Asterisk denotes strength of level
00:25 GMT - Higher in consolidation above the .5606 low as prices unwind oversold intraday studies. While bearish momentum from the .5800 high keep focus on the downside the deep oversold daily and weekly studies suggest scope for corrective bounce to resistance starting at the .5650/70 congestion and 6 November high. Would need to clear this to open up room for stronger gains to the .5700/55 resistance. Meanwhile, support is at the .5600 level. Break here, if seen, will see scope to the .5585/.5550 congestion area.