Published: 2025-12-03T00:35:36.000Z
Chart NZD/USD Update: Consolidating, room for higher later
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Extending consolidation below the .5750/55 resistance but bullish rally from the .5578 low of November keeps pressure on the upside
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5900 | * | congestion | S1 | .5700 | * | congestion | |
| R3 | .5850/55 | ** | congestion, 1 Aug low | S2 | .5650 | * | congestion | |
| R2 | .5800 | ** | 22 Aug low | S3 | .5606/00 | * | 7 Nov low, congestion | |
| R1 | .5750/55 | * | congestion, Sep low | S4 | .5578 | ** | 21 Nov low |
Asterisk denotes strength of level
00:30 GMT - Extending consolidation below the .5750/55 resistance but bullish rally from the .5578 low of November keeps pressure on the upside. Positive daily and weekly studies suggest scope for break to further retrace the July/November losses and see extension to strong resistance at the .5800 level. Higher still, will see potential to the .5850/.5855 area. Meanwhile, support is raised to the .5700/.5682 congestion and low of October which should now underpin and sustain gains from the .5578 low.