Published: 2025-10-14T00:41:07.000Z
Chart NZD/USD Update: Weighing on the .5714 low
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Back to weigh on the .5714 low as shallow bounce gives way to selling pressure below the .5755 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5900 | * | congestion | S1 | .5714 | 10 Oct low | ||
| R3 | .5845/50 | ** | 6 Oct high, congestion | S2 | .5700 | * | congestion | |
| R2 | .5800 | * | Aug low | S3 | .5650 | * | congestion | |
| R1 | .5755 | * | Sep low | S4 | .5635 | * | 76.4% Apr/Jul rally |
Asterisk denotes strength of level
00:35 GMT - Back to weigh on the .5714 low as shallow bounce gives way to selling pressure below the .5755 resistance. Consolidation see prices unwinding oversold intraday studies but the downside remains vulnerable and break will see room to the .5700 level. Lower still, if seen, will open up room for extension to support at the .5650/.5635 congestion and 76.4% Fibonacci level. Meanwhile, resistance at the .5755 September low is expected to cap. Clearance here, will ease the downside pressure and see room for stronger bounce to the .5800/45 resistance.