Published: 2025-10-30T00:26:30.000Z
Chart NZD/USD Update: Consolidate test of .5800
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Settled back from test of the .5800 figure as prices consolidate gains from the .5683, 14 October low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5755 | * | Sep low | |
| R3 | .5900 | * | congestion | S2 | .5710/00 | * | congestion | |
| R2 | .5845/50 | ** | 6 Oct high, congestion | S3 | .5683 | ** | 14 Oct low | |
| R1 | .5800 | ** | Aug low | S4 | .5635 | * | 76.4% Apr/Jul rally |
Asterisk denotes strength of level
00:20 GMT - Settled back from test of the .5800 figure as prices consolidate gains from the .5683, 14 October low. Daily studies are overbought but consolidation here is expected to give way to renewed buying interest later. Above the .5800 level will open up room for stronger gains to retrace losses from .6000 level and channel resistance and see room to strong resistance at the .5845/50 area. Meanwhile, support remains at .5755 which is expected to underpin and sustain gains from the .5683 low.