Published: 2026-11-05T00:49:14.000Z
Chart NZD/USD Update: Extend bounce from .5578/.5565 support
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Bounce from support at the .5578/.5565 October lows has seen prices back to retest resistance at the .5625/50 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5700/10 | ** | congestion, 22 Oct high | S1 | .5578 | * | Nov 2025 low | |
| R3 | .5680 | * | Apr low | S2 | .5565 | ** | 14 Oct YTD low | |
| R2 | .5650 | * | congestion | S3 | .5550 | * | lower channel | |
| R1 | .5625 | ** | Jun low | S4 | .5512 | ** | Oct 2022 year low |
Asterisk denotes strength of level
00:40 GMT - Bounce from support at the .5578/.5565 October lows has seen prices back to retest resistance at the .5625/50 area. Daily studies have turn up from oversold areas and suggest room for stronger gains to retrace losses from the .5700/10 recent swing high. Clearance will open up room towards resistance at .5680 then the .5700/10 highs. Break above the latter will confirm a double bottom at the .5578/.5565 lows and open up room for stronger recovery. Failure to hold the latter, will see extension to the support at .5512 and extending to the .5485/.5470, 2025/2020 year lows.