Published: 2025-12-12T00:35:07.000Z
Chart NZD/USD Update: Still room to extend gains
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Pressure remains on the upside but bullish momentum slows as intraday and daily studies extend into overbought areas
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5800 | * | Aug low, congestion | |
| R3 | .5910 | * | 61.8% Jul/Nov fall | S2 | .5755 | * | Sep low, congestion | |
| R2 | .5850/55 | ** | 50%, 1 Aug low | S3 | .5700/.5682 | ** | congestion, Oct low | |
| R1 | .5830 | 11 Dec high | S4 | .5650 | * | congestion |
Asterisk denotes strength of level
00:30 GMT - Pressure remains on the upside but bullish momentum slows as intraday and daily studies extend into overbought areas. However, further gains not ruled out and higher will see room to strong resistance at the .5850/55, 50% Fibonacci level and 1st August low. Consolidation below here can be expected but a later break will see room to further retrace losses from the July current year high. Meanwhile, support at the .5800/.5755, August and September lows, should underpin and limit any corrective pullback and sustain gains from the .5578, November low.