Published: 2025-10-27T00:34:53.000Z
Chart NZD/USD Update: Extending gains, focus turn to .5800 level
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Bounce at the opening above the .5755 see prices extending 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
00:30 GMT - Bounce at the opening above the .5755 see prices extending gains from the .5683 low of 14 October. Focus now turn to strong resistance at the .5800 level and August low, which is expected to cap. Clearance, if seen, will open up room for stronger gains to retrace losses from .6000 level and channel resistance from .6120 July high to resistance at the .5845/50 area. Meanwhile, support is raised to .5755 which is expected to underpin and sustain gains from the .5700 level and .5683 low.