Published: 2026-10-23T00:39:01.000Z
Chart NZD/USD Update: Consolidating at .5710 high, room for higher later
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No follow-through on break above the .5700 level as prices settled back to unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5850 | ** | congestion | S1 | .5680 | * | congestion | |
| R3 | .5800 | ** | congestion | S2 | .5650 | * | congestion | |
| R2 | .5750 | * | congestion | S3 | .5625 | ** | Jun low | |
| R1 | .5700/10 | * | congestion, 22 Oct high | S4 | .5565 | ** | 14 Oct YTD low |
Asterisk denotes strength of level
00:35 GMT - No follow-through on break above the .5700 level as prices settled back to unwind overbought intraday studies. Pullback see support starting at .5680 April low. Break here will open up room for deeper retracement of gains from the .5565 low of last week towards .5650/.5625 congestion and June low. Corrective pullback is expected to give way to renewed buying interest later. Above the .5700/10 area will further retrace losses from the August/October losses and see room to .5750 congestion. Higher still, will turn focus to strong resistance at the .5800/.5850 congestion area.