Published: 2025-12-04T00:39:43.000Z
Chart NZD/USD Update: Extending November gains
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Consolidation below the .5750/55 resistance has given way to break to extend the bullish rally from the .5578, November low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5900/10 | * | congestion, 61.8% | S1 | .5755/50 | * | Aug low, congestion | |
| R3 | .5850/55 | ** | 50%, 1 Aug low | S2 | .5700/.5682 | ** | congestion, Oct low | |
| R2 | .5800 | ** | 22 Aug low | S3 | .5650 | * | congestion | |
| R1 | .5785 | * | 38.2% Jul/Nov fall | S4 | .5606 | * | 7 Nov low |
Asterisk denotes strength of level
00:30 GMT - Consolidation below the .5750/55 resistance has given way to break to extend the bullish rally from the .5578, November low. Positive daily and weekly studies suggest scope to further retrace the July/November losses and see extension to .5785, 38.2% Fibonacci level then the strong resistance at the .5800 level. Higher still, will see potential to the .5850/.5855 area. Meanwhile, support is raised to the .5755/50 August low and congestion area which should now underpin. Below here will delay bulls and see room for deeper pullback to strong support at the .5700/.5682 area.