Published: 2026-10-19T00:43:04.000Z
Chart NZD/USD Update: Room to extend bounce from .5565 low
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Break above the resistance at .5625 extend bounce from the .5565 current year low seen last week to reach towards strong resistance at .5680
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5800 | ** | congestion | S1 | .5625 | * | Jun low | |
| R3 | .5750 | * | congestion | S2 | .5578 | * | Nov 2025 low | |
| R2 | .5700 | * | congestion | S3 | .5565 | ** | 14 Oct YTD low | |
| R1 | .5680 | ** | Apr low | S4 | .5500 | * | figure |
Asterisk denotes strength of level
00:35 GMT - Break above the resistance at .5625 extend bounce from the .5565 current year low seen last week to reach towards strong resistance at .5680. Daily studies continues to track higher from oversold areas and suggest consolidation below the latter giving way to break later to open up room for stronger gains to retrace losses from the .5988 high of August. Clearance will see room to the resistance at .5700/.5750 congestion area. Meanwhile, support is raised to .5625 June low which should underpin and sustain bounce from the .5565 low.