Published: 2025-12-18T00:31:14.000Z
Chart NZD/USD Update: Still supported, but room for deeper pullback
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Little change, as prices remains supported above the .5755/50 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5950 | * | congestion | S1 | .5755/50 | * | Sep low, congestion | |
| R3 | .5910 | * | 61.8% Jul/Nov fall | S2 | .5700/.5682 | ** | congestion, Oct low | |
| R2 | .5850/55 | ** | 50%, 1 Aug low | S3 | .5650 | * | congestion | |
| R1 | .5830 | * | 11 Dec high | S4 | .5606 | 7 Nov low |
Asterisk denotes strength of level
00:30 GMT - Little change, as prices remains supported above the .5755/50 area following pullback from the .5830 high. However, daily studies are still unwinding overbought readings and suggest potential for break here to open up room for deeper pullback to retrace rally from the .5578 November low. Lower will see room to strong support at the .5700/.5682 area. Corrective pullback expected to give way to renewed buying interest later. Break above the .5830 high will see room for extension to strong resistance at the .5850/55, 50% Fibonacci level and 1st August low.