Published: 2025-11-11T00:47:22.000Z
Chart NZD/USD Update: Higher in consolidation
1
Turned up from the .5606 low as prices consolidate the 2-week losses from the .5800 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5800 | ** | Aug low | S1 | .5606/00 | * | 7 Nov low, congestion | |
| R3 | .5755 | * | Sep low | S2 | .5585 | * | 2 Jan low, congestion | |
| R2 | .5700 | * | congestion | S3 | .5550 | * | congestion | |
| R1 | .5650/70 | * | congestion, 6 Nov high | S4 | .5500/85 | ** | congestion, 9 Apr YTD low |
Asterisk denotes strength of level
00:35 GMT - Turned up from the .5606 low as prices consolidate the 2-week losses from the .5800 level. Daily studies are deep into oversold areas and suggest scope for bounce above resistance at .5650/70 congestion and 6 November high. Clearance will open up room for stronger gains to the .5700/.5755 resistance. Meanwhile, support at the 5606/00 low and congestion now expected to underpin. Break here will further extend the July losses and see room to the .5550 congestion though focus will turn to the .5485, April current year low.