Every read JAFX AI made on the NZD/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Recovery uptrend, capped below 0.5900 · RSI 57 · price 0.58659
Higher lows since June base, stalling into resistance.
NZDUSD carved a rounded base into the mid-June low near 0.5630 and has climbed in a chain of higher lows since, reclaiming both EMA(20) and EMA(50) on D1. The recovery ran into the 0.5900 psych pivot last week — two sessions capped at 0.5892/0.5908 before this pullback to 0.5866, aided by weak China PMI and a rebounding USD. Price now holds the 0.5860 previous-highs support as the market awaits NZ Q2 labour data.
Support: 0.5860, 0.5820, 0.5630
Resistance: 0.5900, 0.5994
What it said to watch
- NZ Q2 jobs at 22:45 UTC (~7h) is the key catalyst for RBNZ hike odds and this read
- Daily close above 0.5900 opens the path to the 0.5994 May high
- Failure to hold 0.5860 support confirms a lower high and reopens 0.5820
21:04 UTC
Recovery uptrend, capped below 0.5900 · RSI 57 · price 0.58659
Higher lows off June base, ranging under 0.5900.
NZDUSD has ground higher off the mid-June base near 0.5626, building a chain of higher lows and reclaiming both EMAs on D1. Last week's push to 0.5894 stalled ahead of the 0.5900 pivot — the same zone that capped April and May — and price has since eased back to the 0.5860 prior-highs shelf. The recovery was powered by post-FOMC USD weakness and firm NZ confidence data, but weak China PMI has capped extension into 0.5900.
Support: 0.5860, 0.5772, 0.5626
Resistance: 0.5900, 0.5945, 0.5994
What it said to watch
- NZ Q2 labour data in ~7h is the key catalyst and could shift this read
- A D1 close above 0.5900 reopens the path to 0.5945/0.5994
- Failure to hold 0.5860 exposes the 0.5772 swing low