Published: 2026-10-22T00:43:18.000Z
Chart NZD/USD Update: Extending October gains
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Consolidation at the .5700 level has given way to break to extend gains from the .5565 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5900 | * | congestion | S1 | .5680 | * | congestion | |
| R3 | .5850 | ** | congestion | S2 | .5650 | * | congestion | |
| R2 | .5800 | ** | congestion | S3 | .5625 | * | Jun low | |
| R1 | .5750 | * | congestion | S4 | .5565 | ** | 14 Oct YTD low |
Asterisk denotes strength of level
00:35 GMT - Consolidation at the .5700 level has given way to break to extend gains from the .5565 low of last week. Positive daily studies keep pressure firmly on the upside and higher will see room to further retrace losses from the .5988 August high to resistance at .5750 congestion. Higher still, will open up room to strong resistance at the .5800/.5850 congestion area. Meanwhile, support is raised to the .5680 April low which should now underpin. Pullback below here will delay bulls and see room for deeper correction towards .5650/.5625 congestion and June low.