Published: 2025-10-29T00:44:46.000Z
Chart NZD/USD Update: Extending gains, .5800 level within reach
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Edging higher as prices extend gains from the .5683 low of 14 October
| 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
00:35 GMT - Edging higher as prices extend gains from the .5683 low of 14 October. Break above the .5755 resistance opens up room for extension to strong resistance at the .5800 figure and August low, where reaction can be expected. However, a later break cannot be ruled out, clearance will open up room for stronger gains to retrace losses from .6000 level and channel resistance. Higher will see room to the .5845/50 area. Meanwhile, support remains at .5755 which is expected to underpin and sustain gains from the .5683 low.