Published: 2025-11-27T00:45:15.000Z
Chart NZD/USD Update: Extending sharp bounce from .5578 low
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Extending sharp rally through resistance at the .5650 congestion to regain the .5700 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5900 | * | congestion | S1 | .5650 | * | congestion | |
| R3 | .5850/55 | ** | congestion, 1 Aug low | S2 | .5606/00 | * | 7 Nov low, congestion | |
| R2 | .5800 | ** | 22 Aug low | S3 | .5578 | ** | 21 Nov low | |
| R1 | .5755 | * | Sep low | S4 | .5550 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Extending sharp rally through resistance at the .5650 congestion to regain the .5700 level as prices retrace the September/November losses. Positive daily and weekly studies suggest room for further gains to target resistance at .5755 where reaction can be expected. A later break here will see potential to strong resistance at the .5800/.5850 area. Meanwhile, support is raised to the .5650 congestion which should underpin and sustain bounce from the .5578 low.