Published: 2025-10-24T00:37:55.000Z
Chart NZD/USD Update: Pressuring .5755 resistance
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Edging higher from the .5683 low of 14 October to pressure the .5755 resistance
| 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
00:30 GMT - Edging higher from the .5683 low of 14 October to pressure the .5755 resistance. Break here will open up room to the strong resistance at the .5800 level and August low, which is expected to cap. Clearance, if seen, will turn focus higher 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 and .5683 low now underpin. Would take break here to see room for extension to the .5650/.5635 congestion and 76.4% Fibonacci level.