Published: 2025-12-11T00:40:07.000Z
Chart NZD/USD Update: Extending gains
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Consolidation at the .5785/.5800 resistance has given way to break to extend the November gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5800 | * | Aug low, congestion | |
| R3 | .5910 | * | 61.8% Jul/Nov fall | S2 | .5755 | * | Sep low, congestion | |
| R2 | .5850/55 | ** | 50%, 1 Aug low | S3 | .5700/.5682 | ** | congestion, Oct low | |
| R1 | .5825 | 10 Dec high | S4 | .5650 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Consolidation at the .5785/.5800 resistance has given way to break to extend the November gains. Higher see room to further retrace losses from the July high to strong resistance at the .5850/55, 50% Fibonacci level and low of 1 August. Would expect reaction here to unwind overbought daily studies but a later break cannot be ruled out. Meanwhile, support is raised to the .5800/.5755, August and September lows which should now underpin and limit any corrective pullback and sustain gains from the .5578, November low.