Published: 2025-10-21T00:29:42.000Z
Chart NZD/USD Update: Higher in consolidation to pressure .5755 resistance
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Consolidation above the .5700 level has given way to bounce to retest resistance at the .5755, September low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5900 | * | congestion | S1 | .5700 | * | congestion | |
| R3 | .5845/50 | ** | 6 Oct high, congestion | S2 | .5683 | * | 14 Oct low | |
| R2 | .5800 | ** | Aug low | S3 | .5635 | * | 76.4% Apr/Jul rally | |
| R1 | .5755 | * | Sep low | S4 | .5600 | * | congestion |
Asterisk denotes strength of level
00:25 GMT - Consolidation above the .5700 level has given way to bounce to retest resistance at the .5755, September low. Break here will open up room for stronger bounce to strong resistance at the .5800 level and August low which is expected to cap. Clearance here, if seen, will fade the downside pressure and open up room for stronger gains to retrace losses from .6000 level and channel resistance from .6120, July high. Meanwhile, support at the .5700/.5683 area now underpin. Below here will open up room for extension to the .5650/.5635 support and 76.4% Fibonacci level.