Published: 2025-11-19T00:34:07.000Z
Chart NZD/USD Update: Weighing on .5650/45 support
-
No follow-through on break of support at the .5650/45 congestion but pressure remains on the downside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5850/55 | ** | congestion, 1 Aug low | S1 | .5650/45 | congestion, 14 Nov low | ||
| R3 | .5800 | ** | Aug low | S2 | .5606/00 | ** | 7 Jan low, congestion | |
| R2 | .5755 | * | Sep low | S3 | .5585 | * | 2 Jan low | |
| R1 | .5700 | * | congestion | S4 | .5550 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - No follow-through on break of support at the .5650/45 congestion but pressure remains on the downside. Break here will return focus to the .5606 low but reaction here can be expected as weekly studies push deep into oversold area. Failure to hold this will see room for extension to .5585/.5550 area but focus will return to the .5485, April current year low. Meanwhile, resistance at the .5682/.5700 October low and congestion area is expected to cap. Break here will fade the downside pressure and extend bounce from .5606 low.