Published: 2025-12-23T00:43:13.000Z
Chart NZD/USD Update: Poised for retest of .5830 high
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Extending rebound from support at the .5755/.5735 area to regain the .5800 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5755 | * | Sep low | |
| R3 | .5910 | * | 61.8% Jul/Nov fall | S2 | .5735 | ** | 19 Dec low, 38.2% | |
| R2 | .5850/55 | ** | 50%, 1 Aug low | S3 | .5700 | * | congestion | |
| R1 | .5830 | ** | 11 Dec high | S4 | .5650 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Extending rebound from support at the .5755/.5735 area to regain the .5800 level, suggesting corrective pullback giving way for retest of the .5830, 11 December high. Clearance here will see resumption of the broader gains from .5578 November low to retrace losses from the .6120, July YTD high. Higher will see room to strong resistance at the .5850/55 congestion and .5910, 50% and 61.8% Fibonacci levels. Meanwhile, support at the .5755/35 area now expected to underpin and sustain gains from the November low.