Chart NZD/USD Update: Turning up from .5580 fresh year low
Turning up from fresh year low at .5580, just above support at the .5578 November low as prices unwind oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5700 | * | congestion | S1 | .5578 | ** | Nov 2025 low | |
| R3 | .5680 | ** | Apr low | S2 | .5550 | * | congestion | |
| R2 | .5650 | * | congestion | S3 | .5500 | ** | figure | |
| R1 | .5625 | * | Jun low | S4 | .5485 | ** | 2025 year low |
Asterisk denotes strength of level
00:30 GMT - Turning up from fresh year low at .5580, just above support at the .5578 November low as prices unwind oversold intraday and daily studies. Weekly chart are stretched as well and suggest scope for stronger recovery to retrace sharp losses from the August high. Resistance starts at .5625 June low and clearance here will open up room for stronger gains to the .5650 congestion then the strong resistance at .5680, April low. Meanwhile, support at the .5580 low should underpin. Only below here will see room to the .5500 figure then the critical .5485/.5470, 2025 and 2020 year lows.