Zoom out with mouse
In the same way that you zoom in on a chart by rubber-banding with the mouse by clicking and dragging from top left to bottom right add functionality to allow zooming out (to full extents) by doing the reverse - i.e. by clicking bottom right and dragging to top left. Very simple - you could then ditch the reset zoom button if you wanted.
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Dan Dascalescu commented
There is a plugin for this that lets you zoom out by dragging right to left:
http://www.highcharts.com/plugin-registry/single/26/Zoom%20Out%20Selection