Published: 2025-10-13T00:45:40.000Z
Chart NZD/USD Update: Consolidating, but still heavy
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Higher in range at the open above the .5714 low as prices consolidate sharp losses last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | .5900 | * | congestion | S1 | .5714 | 10 Oct low | ||
| R3 | .5845 | ** | 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 - Higher in range at the open above the .5714 low as prices consolidate sharp losses last week. Consolidation see prices unwinding oversold intraday studies but the downside remains vulnerable. lower will see room to the .5700 level. Break here, if seen, will open up room for extension to the .5650/.35 congestionand 76.4% Fibonacci level. Meanwhile, resistance is lowered to the .5755 September low which is expected to cap. Above here, will ease the downside pressure and see room for stronger bounce to the .5800/45 resistance.