09:07 UTC
Recovery off April low, momentum fading · RSI 44 · price 0.58681
Pullback from May high within broad base.
NZDUSD carved a rounded base off the 0.5686 April low, rallying to a late-May high at 0.5994 before stalling. The pair has rolled over the past week and is now testing the 0.5855 swing-low shelf, with firm USD into NFP weighing on the recovery. Price sits back below EMA20 but is holding around the rising EMA50.
Support: 0.5855, 0.5774, 0.5686
Resistance: 0.5950, 0.5994
What it said to watch
- Daily close below 0.5855 opens the path back toward 0.5774
- Reclaim of 0.5950 needed to re-engage the 0.5994 May high
- US NFP today (12:30 GMT) and RBNZ Breman speech could materially shift this read