Published: 2025-11-04T00:39:05.000Z
Chart NZD/USD Update: Under pressure, focus on .5683 low
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Still heavy and break of the .5710/00 support see prices extending rejection from the .5800 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5900 | * | congestion | S1 | .5683 | ** | Oct low | |
| R3 | .5845/50 | ** | 6 Oct high, congestion | S2 | .5650 | * | congestion | |
| R2 | .5800 | ** | Aug low | S3 | .5635 | * | 76.4% Apr/Jul rally | |
| R1 | .5755 | * | Sep low | S4 | .5600 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Still heavy and break of the .5710/00 support see prices extending rejection from the .5800 high of last week. Focus now turn to the October low at .5683 where reaction can be expected. Failure to hold this will open up room for deeper pullback to the .5650 congestion and the .5635, 76.4% Fibonacci level. Meanwhile, resistance is lowered to .5755. Break here is needed to ease the downside pressure and set up scope for retest of the .5800 resistance. Clearance here will revive upside focus and see stronger gains to retrace losses from .6007 September high